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Home arrow Student Resources arrow Chapter 14: The Congress, the President, and the Budget: the Politics of Taxing and Spending  arrow True/False

True/False



 This activity contains 13 questions.

Question 1.
An appropriations bill actually funds programs, within limits established by authorizations, for the lifetime of the specific program.


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Question 2.
Corporate income taxes yield more revenues than individual income taxes.


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Question 3.
Defense expenditures in the 1990s increased dramatically in response to growing international terrorism and regional conflicts.


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Question 4.
Fully two-thirds of the federal budget is uncontrollable.


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Question 5.
Government borrows money primarily for its capital needs, much like individuals borrow money when they buy a house.


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Question 6.
Members of Congress must review the budget from scratch every year.


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Question 7.
President Reagan's 1981 tax cut saved many thousands of dollars on taxes for lower-income families.


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Question 8.
Relative to the size of the gross domestic product, America has one of the smallest public sectors in the developed world.


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Question 9.
Social Security acts like an insurance program; the money put in while you work remains untouched until you retire.


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Question 10.
Tax expenditures directly benefit middle- and upper-income taxpayers and corporations the most.


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Question 11.
Tax loopholes cost the federal treasury huge amounts of money every year.


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Question 12.
The 1990 budget law resulted in significantly reducing the deficit.


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Question 13.
The federal government does not have a capital budget to use on items that will serve for the long term.


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