Transcript Unit IV Review

All I want for Christmas is…
Unit IV: Review Baseball!
Public Policy
 Name 2 of the 3 types of taxes and explain
which type you support
 Steal a base… What’s the 3rd type?
 By age, race, region & area of residence,
which demographic groups are more likely to
experience poverty?
 Steal a base… What’s the term for the
concentration of poverty among unmarried
women?
 What’s the main difference between a
command economy and a capitalist
economy?
 Steal a base…Would you rather have more
wealth or more income? Explain
 If you are the CEO of Boeing, which do you
likely support, right-to-work laws or union
shop? Explain
 Steal a base…Who is in charge of
implementing environmental laws passed by
Congress?
 How and why do we set a poverty line?
 Steal a base…if you can say the alphabet
backwards in under 30 seconds
 If you are a monetarist, what do you believe is
the key to a healthy economy?
 Steal a base…talk to me about Laissez Faire
economic policy…Hint: This is a Laissez
Faire question in its structure…
 Who uses collective bargaining?
 Steal a base…Which act protected the right
to collective bargaining?
 What does the consumer price index
measure?
 Steal a base…how do we calculate the
consumer price index?
 What’s the Kyoto Protocol and why are we
still talking about it?
 Steal a base…if you were offered a job on the
“God Squad”, would you take it? Explain.
 Which president is most strongly associated
with Keynesian economic theory, and which
president is most strongly associated with
supply-side economic theory?
 Steal a base…If you were president, which
approach to stimulating the economy would
you favor? Why?
 The Fed has 3 basic tools to manipulate the
economy. Explain how one of them works.
 Steal a base…do you support or oppose the
idea of openly rationing health care, like the
Oregon State Medicaid plan does?
 What did the Clean Air Act of 1970 aim to do?
 Steal a base…what’s the official name of the
bill sometimes referred to as “Obama Care”?
 List and explain 1 way an HMO is different
than traditional health insurance.
 Steal a base… list one change implemented
by the the Affordable Care Act.
 Which agency is responsible for regulating
the stock market?
 Steal a base… which agency can ban unsafe
products from the market?
 Which agency enforces “Truth in Lending”
laws and prosecutes false and misleading
advertising?
 Steal a base… Which agency censors radio
and TV stations?
 Which agency approves or bans new drugs?
 Steal a base... If you can name 3 people
currently seeking the Republican Presidential
nomination
 What’s the difference between entitlement
and mean-tested programs?
 Steal a base… what is the Superfund used
for?
 Which president declared a “war on poverty”
and what was his package of programs
called?
 Steal a base … How successful has the
Water Pollution Control Act of 1972 been?
 What did the Endangered Species Act of
1973 do?
 Steal a base … roughly what percentage of
our GDP are we spending on health care?
 If you were at a college Econ lecture and the
economist said, “The overall incidence of
taxing in America is proportional”, how could
you translate that into plain English for your
friends?
 Steal a base …What is our most plentiful
energy resource and why is that a bummer?
 Throughout US history the federal
government has been moody in its
relationship toward labor unions. ‘Splain
 Steal a base … The federal government
helps finance medical research through
what?
 Medicare A , B & D: when you turn 65 what
will you do about each?
 Steal a base … if you are currently wearing
interesting socks
 Define tariff and give a pro and con of their
use.
 Steal a base… You are offered an all-
expenses-paid vacation to Yucca Flats, NV.
What do you pack to wear?
 Why is state sales tax a regressive tax, even
though everyone pays the same percent?
 Steal a base… TANF replaced Aid to
Families with Dependant Children. How is the
new program different?
 Monetary policy v. Fiscal policy – explain the
difference.
 Steal a base… If someday you wind up the
Chairman of the Federal Reserve, how did
you get that job, how long does it last and
what do you do?
 What’s the difference between Medicare &
Medicaid?
 Steal a base… Why is monetary policy less
manipulated by politics than fiscal policy?
 What’s the purpose of an Environmental
Impact Statement?
 Steal a base… What’s a transfer payment?
Give an example.
 If you could single-handedly control inflation,
where would you set it and why?
 Steal a base… How do we calculate the
unemployment rate?