1. Government is larger today, largely because the roles that we expect it to pl
ID: 452577 • Letter: 1
Question
1. Government is larger today, largely because the roles that we expect it to play are much more expansive. (72)
a. True
b. False
2. Federal regulation of business in the U.S. has always been extensive. (72)
a. True
b. False
3. The Anti-Central Government Era stretched from 1781 until the Civil War. (72)
a. True
b. False
4. The Small Government Era lasted from 1787 to 1887. (72)
a. True
b. False
5. The Moderate-Sized Government era was a period of great economic expansion overall that ended in the Great Depression. (72)
a. True
b. False
6. We are still in the Big Government Era. (72)
a. True
b. False
7. The Rightsizing Government Era began in the 1970s and presently continues, as the limits of government are perceived to have been reached by an increasing percentage of the population. (72)
a. True
b. False
8. The Anti-Central Government Era was roughly simultaneous with the: (73)
a. Declaration of Independence
b. The Articles of Confederation
c. The Constitution
d. The establishment of the First National Bank
e. None of the above
9. One of the major reasons for the end of the Anti-Central Government Era was the inability to defend the mutual welfare of the states in terms of defense. (74)
a. True
b. False
10. According to the text, government as a promoter of business during the Era of Small Government does NOT include: (73-83)
a. War with the Barbary pirates (“to the shores of Tripoli”)
b. The Monroe Doctrine
c. The Morrill Education Act of 1862
d. The Louisiana Purchase
e. The annexation of Texas
11. Governments in the U.S. were relatively uninvolved in the development of transportation infrastructure in the nineteenth century (80-81)
a. True
b. False
12. Government support of railroad expansion was so successful that by the end of the nineteenth century the enormous power of the railroads became an issue to be dealt with. (81)
a. True
b. False
13. The government’s role as social architect during the early part of Era of Small Government was virtually nonexistent with no compulsory education, no public education infrastructure, and relatively high illiteracy, as was common at that time in the world. (82)
a. True
b. False
14. Although service provision was modest in the Small Government Era, it did include the Post Office initially, and expanded to include institutions such as poor farms, county hospitals, and public libraries. (82)
a. True
b. False
15. The Era of Moderate-Sized government was the time of greatest expansion through military affairs and land purchases. (83)
a. True
b. False
16. The Gilded Age, with its unequal wealth distribution and increasing government corruption in the late 1800s, led to the Progressive Era, a period which focused on both reforming and expanding government. (83)
a. True
b. False
17. One of the largest expansions in the regulatory role of government occurred in the Era of Big Government with legislation such as the Interstate Commerce Commission (to regulate railroads), the Sherman Antitrust Act (to break up monopolies), the Clayton Antitrust Act (to reduce price fixing), the Food and Drug Act, among others. (84)
a. True
b. False
18. There was substantial federal expansion of its role in monetary and fiscal control and structure with the creation of the Federal Reserve and the creation of the federal income in the Moderate-Sized Government Era. (84/85)
a. True
b. False
19. The massive federal aid that flowed into the Johnstown area after the horrific flood in 1889 is an example of substantial increase in government’s role as a safeguard against risk in the Moderate-Sized Government Era. (85)
a. True
b. False
20. It was during the Era of Moderate-Sized government that the federal government promoted business by aiding the break-away province of Panama to become an independent country and later by leasing land to build the Panama Canal. (86)
a. True
b. False
21. The Big Government Era was largely built on two national crises: the Great Depression and World War II. (86)
a. True
b. False
22. The initial response of President Hoover’s administration, guided by Andrew Mellon, was to keep tax rates for the rich low, cut government spending, and increase tariffs to protect domestic manufacture. (87)
a. True
b. False
23. In the Era of Big Government, regulation continued to expand into securities, labor practices, child labor, age discrimination, and environmental protection, among others. (89-90)
a. True
b. False
24. Which agency is the best example of one designed to be a safeguard against risk? (90)
a. OMB
b. Department of Commerce
c. OPM
d. FEMA
e. Public schools
25. Our parks system is one of the best in the world. It was created in the Era of Big Government. (91)
a. True
b. False
26. Government as purchaser grew in the Era of Big Government, especially due to the continuing cost of military equipment and military services. (91)
a. True
b. False
27. As the Big Government Era unfolded after World War II, welfare expanded, both for the poor, as well as indirectly for corporations. (92)
a. True
b. False
28. The Era of Rightsizing Government has led to a dramatic shrinkage of government at all levels. (93)
a. True
b. False
29. The text points out that one or more of the areas in which there was dramatically reduced support for government’s role(s) in the Era of Government Rightsizing were: (98)
a. Monetary and fiscal structure
b. Purchaser
c. Safeguard against risk
d. All of the above
e. None of the above
30. Examples of deregulation in the Era of Rightsizing Government included the industries of airlines, rail, banking, and finance. (93)
a. True
b. False
31. Which industry did not experience substantial re-regulation in the Era of Rightsizing Government? (93-94)
a. California power
b. Financial sector
c. Airlines
d. All of the above
e. None of the above
32. Examples of reduced service provision in the Rightsizing Government era supplied by the text include the move to privatize where possible, and to abate the growth of support for the poor with welfare reform. (94)
a. True
b. False
33. With the passage of the Patient Protection and Affordable Care Act, the health industry was essentially taken over by the government with a single-payer model similar to other socialized countries. (95)
a. True
b. False
34. One of the areas of a reduced government role in the Rightsizing Government era was in education. (95)
a. True
b. False
35. Fannie Mae, created to facilitate home sales by insuring mortgages, was originally a government-sponsored enterprise, was privatized and became a publicly traded company, and reported record profits because of the Great Recession of 2008. (96-97)
a. True
b. False
Explanation / Answer
1. The correct answer is option a.
The government plays important role in the development of the society.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.