GOV DQ 33b

What is the purpose of the Federal Reserve?

• To regulate spending by the state governments

• To prevent another Stock Market crash

• To print the money in the United States

• To regulate the amount of currency flowing in the economy

To take care of people who can not, or will not take care of themselves, the government institutes what type of domestic policies?

• social policies

• science and technology policies

• business policies

• environmental policies

Which of the following statements about Social Security is FALSE?

• Social Security is a progressive tax, the more a person makes the higher the tax percentage.

• Social Security payments can be made to dependents of those who paid into the program, and the government does not get to keep the money if a person dies.

• Social Security is taken as a payroll tax, paid by both the employee and the employer.

• Social Security is not considered a “handout”, but rather an insurance program – people put into the program and later take out of it.

How is Medicare different from Medicaid?

• medicare is used for hospital visits, medicaid is used for any doctor

• medicare is a social insurance program, medicaid is a public welfare program

• medicare is for everyone, medicare is only for the elderly

• medicare is only for older people, medicaid is only for young people

Regulation of use, management of resources and establishing acceptable pollution levels are ways the Government:

• Protects the environment

• Finances the rising cost of welfare

• Protects the rights of workers

• Limits the rights of businesses

In order to protect workers, protect the public, and encourage economic growth, the government institutes domestic policies to help regulate:

• the environment

• business

• science and technology

• social programs

How is federalism reflected in the welfare system?

• It is financed by the national government, but administered by the state governments.

• It is paid for by the states, but administered by the national government.

• It has been revised by the states to meet national needs.

• It is financed at all levels of government, but programs are administered at the state and local levels.

Why is Social Security considered a social insurance program rather than a welfare program?

• because it costs much more than simple welfare

• in order to collect Social Security, a person must have paid into the program - and is thus entitled to get that money back

• social security uses general tax dollars welfare draws from specifically allotted tax dollars

• because welfare programs help everyone, social insurance programs help only the elderly

Which of the following is NOT considered one of the key elements to the Health Care Act?

• Insurance companies are to adhere to regulations; such as not dropping a person who gets sick or putting a “cap” on payments for coverage.

• All medicine is required to be covered, free of charge with no co-pay.

• Requires Americans to buy health insurance, or pay an added tax ($695) to the government.

• Encourages preventative care and research to improve health care.

What is the purpose of Food Stamps?

• to help farmers ship their produce

• to provide nutrition for those living in poverty

• to assist the elderly with their food and medical costs

• to pay for the agricultural subsidies provided by Congress