Govt. Final`

Front 1

in 2008 the revenue of all us governments totaled approximately

Back 1

4 trillion

Front 2

in 2008, total government receipts constituted approximately what percentage of GDP

Back 2

28%

Front 3

if yearly government expenditures exceed yearly government receipts, the government is said to run a deficit. according tot he data presented in the text, since 1950, the federal government has run deficit

Back 3

vast majority of years

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fiscal policy mainly involves

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revenues and spending

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fiscal policy is made by

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president and congress

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monetary policy involves

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setting interest rates

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monetary policy is made byy

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federal reserve board

Front 8

most of government revenues that are called social insurance and retirement receipt come from

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social security payroll tax

Front 9

which tax provided the largest percentage of the us government tax receipt in 2008

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federal income tax (individual)

Front 10

taking all types of government into consideration, about what percentage of their pretax income do people in the us pay, on average in taxes

Back 10

17%

Front 11

when used by policymakers the term tax expenditures mainly means

Back 11

government subsidies

Front 12

approximately this percentage of total government expenditures in the us are expenditures by the federal government

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67%

Front 13

in 2008, defense expenditures were approximately what percentage of all federal expenditures

Back 13

20%

Front 14

in 2008, welfare state expenditures were approximately this of all federal expenditures

Back 14

65%

Front 15

approximately this percentage of all federal spending is mandatory

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67%

Front 16

mandatory spending includes

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interest of national debt, entitlement programms

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approximately____ of all discretionary federal spending is military spending

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half

Front 18

other than military spending what is an example of discretionary spending

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student loans

Front 19

economic regulation generally deals with specific industries and social regulation generally

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cuts across industries

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the largest part o the welfare state consists of

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social insurance programms

Front 21

compared with people in most other industrial societies, people in the us enjoy

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less generous and fewer social rights

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what programs was included in the social security act

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old age pension, unemployment, dissabilty, workers comp

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prior to the passage of the social security act, the early us welfare state differed from that in most western European countries in that the united states extended social protection to

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mothers and veterans

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according to the text, the social security act and other key polices of that era reinforced

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gender inequality and advantaged whites and often excluded blacks

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the great society was initiated by president

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johnson

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the war on poverty

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decreased amount of people in poverty

Front 27

`according to the text, president clinton's social policy was shaped by

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reduce deficit, conservative definition of welfare problem

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the welfare reform implemented during clinton's administration did

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channeled welfare funds to states and two year time limit for recipients

Front 29

no child left behind was passed during the bush administration one of its aims was to

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decrease achievement gap between advantaged and disadvantaged student

Front 30

medicare part D was passed during the

Back 30

Bush administration

Front 31

according to the text, the primary purpose of the health reform that was passed in 2010 was to

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get more people in insurance

Front 32

u.s. spending on military is what compared to the rest of the countries

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equal to

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the us has apporximately __ of the worl'ds population and accounts for ___ of world's wealth

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5% 33%

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us hegemony in the half century after world war 2 consists of

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hard and soft power

Front 35

in his presidential farewell address washignton urged the us to avoid

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alliances, isolation is key

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according to the text, between 1801 and 1904 the us engaged in how many military actions in latin america

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101

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in the nineteenth century the worl's dominant power was

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great britain

Front 38

in its discussion of the cold war the text used the term___to reference tot the armed conflicts between us client states and insurgent movements backed by soviet union

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proxy wars

Front 39

according tot he text in addition to the cold war another immensely significant aspect of the half century after world war 2 was the global expansion of us

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military, economic, political and cultural influence

Front 40

the what plan involved aid to europe in the years after world war 2

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marshall plan

Front 41

in the years after ww2 a principal goal of the us foreign policy was to

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help oil companies gain control of oil reserves in middle east

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according to the text he common thread a's mong the UN, the IMF GaTT, the WTO and the OECD is they were created regulate the world's

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political and economic order

Front 43

the united states produces approximately 15 percent of the world's oil and accounts for approximately

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25 percent of world's oil consumption

Front 44

according to the text the two largest recipients of the us foreign aid are

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israel and egypt

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which of the following is included on the text list of countrie that posses nuclear weapons

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israel

Front 46

according to the text the tension at the very core of us politics is between the tendency for capitalism to promote inequality and democracy to promote

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equality

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according to the text, most people in the united sttes subscribe to both

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capitalism and democracy

Front 48

in discussing the relatinship between capitalism and democracy , the text quotes a study that says

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capitalism tends to value individuals according ot contributions to production, but democracy attributes unique but roughly equivalent value to all people.

Front 49

according to the text, the dominant way people in the us manage their understanding of the relationship between democracy and capitalism is by subscribing to a stet of values called the

Back 49

american dream

Front 50

according to the text, the american dream stresses the importance of

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equality of opportunity