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50 Cards in this Set
- Front
- Back
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1. What are collective goods and services? Give examples. (9)
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a. Parks, Education, Roads
b. Goods and Services provided by the government |
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2. Name the major sources of federal revenue. (9)
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a. Individual income tax, social insurance tax, tariff, corporate tax
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3. What is the largest expenditure for the state of Texas, not counting federal funds?? (10)
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a. Education
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4. What is the largest expenditure for the federal government? (9)
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a. Social Security
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5. What factors have led to the long term rise in government spending? (9)
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a. Rise and Cost of Healthcare, Urbanization (people living in cities), Increased expectations
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6. What do we call a tax where the percentage of tax increases as income rises? (9)
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a. Graduated or progressive tax
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7. What is the largest single source of revenue for the state of Texas? (10)
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a. Sales Tax
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8. What do we call a tax where the percentage of tax decreases as income rises? (9)
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a. Regressive
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9. What is the second largest expenditure for the state of Texas? (10)
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a. Collegiate spending (higher education)
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10. What is the second largest expenditure for the federal government? (9)
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a. National Defense
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11. What is the last year the federal government had a balanced budget? (9)
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a. 2001
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12. What is the benefit principle of taxation? (9)
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a. Those who benefit from the government should pay for it
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13. What do we call a tax where the percentage of tax remains constant as income rises? 9)
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a. Proportional
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14. Name all the sources of revenue for the federal government? (9)
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a. See number 2
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15. What are the reasons for different incomes for different people? (11)
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a. Educational differences, luck and wealth, ability
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16. Name and describe the programs for the poor. (9, 10 & 11)
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a. SNAP (food stamp program), TANF, Head start, Medicaid
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17. Name the solutions for causes of poverty? (11)
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a. Increase education, income redistribution, Health initiative
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18. What is the difference between national debt and deficit? (9)
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a. Debt is what you owe (all deficits added together), deficit is the one year shortfall
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19. What has caused the significant increase in health care costs?(11)
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a. Longer life expectancy, mal practice insurance, third party payer systems
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20. What is the name of the government health care program for the elderly? (9)
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a. Medicare
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21. What relationship does a user fee have with the benefit principle of taxation? (9)
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a. Example of the benefit principle
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22. What is an indirect tax? Give examples. (9)
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a. When you pay your money and it is passed on to the consumers from the producer. It doesn’t go straight to the government
b. Alcohol, Tobacco |
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23. What are in-kind benefits? (11)
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a. Food stamps, Medicaid
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24. Which groups are over-represented in poverty? (11)
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a. Women who are head of the households, African Americans and Latinos
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25. What is the poverty level for a family of four in the United States? (11)
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a. $20,444
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26. What do we call a lawsuit brought by a doctor’s patient that claims he or she acted negligently in treatment of the patient? (11)
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a. Claim of negligence for mal treatment, mal practice suit
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27. Describe the progressive income tax, what is the difference between it and a graduated tax? (9)
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a. There is no difference, it is a graduated income tax
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28. What is the name of the government health care program for the poor? (9)
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a. Medicaid
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29. Why is there such concern of the stability of social security over the next 11 years? (9)
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a. Baby boomers
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30. What is the difference between wealth and income? (11)
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a. All their wealth over a lifetime, all their money in a year
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31. What do we call a tax on goods bought in another country and brought back to the U.S.? (9)
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a. Custom Duty
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32. What do we call taxes on cigarettes and gasoline? (9)
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a. Excise Tax
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33. Which level of government primarily benefits from the sales tax? (10)
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a. State
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34. What do we call a tax on a deceased person's property? (9)
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a. Estate or inheritance tax
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35. What is the primary source of revenue for local governments? (10)
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Taxes?
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36. What is Social Darwinism? (9)
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a. Survival of the Fittest. Everyone taking care of themselves.
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37. What is a fiscal year? (9)
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a. Government’s budget policy
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38. What are needs-based programs? (9)
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a. Programs given to people based on need
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39. What is the largest source of revenue for most states, but Texas doesn’t have this type of tax? (10)
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a. State income tax
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40. What are the components of the Cycle of Poverty? (11)
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Diagram
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41. What are enterprise zones? (11)
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a. Neighborhoods of higher employment, firms can receive higher tax breaks if they locate themselves in them
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42. What are externalities and what has been suggested as a solution for negative externalities? (11)
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a. Finding polluters
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43. What do we call the program that helps poor kids get ready for school by giving them early education? (11)
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a. Head start
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44. What do we call the middle point where income falls for all Americans? (11)
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a. Median Income
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45. What do we call it when all citizens have access to health care? (11)
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a. Universal Health Care
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46. What do we call it when the federal government requires a state to provide a service and doesn’t pay the state to provide the service? (10)
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a. Unfunded mandate
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47. List the type of taxes do the citizens of Texas pay? (10)
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?
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48. List the services that local governments provide the citizens? (10)
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a. Parks and Rec, streets and roads, sewer and water
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49. What is the largest expenditure for Tarrant County, Texas? (10)
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a. Public Safety
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50. What do we call a deficit that is caused by long –term expenditures rising, such as entitlements? (10)
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a. Structural Deficit
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