Immigration Exam Questions: Sonnaly Economic Policy- 1. True or False? The wage disadvantage of newly arrived immigrants has worsened over time. True** False 2. What kind of workers usually wish to emigrate? Unskilled workers** Skilled workers Nuclear physicists 3. What is the consequence of the flow of more unskilled workers? Increase of welfare use of immigrants** Decrease of welfare use by immigrants Increase of taxed earnings Temporary Workers Program- 4. Who is eligible for the Temporary Workers Program? Foreign workers** Foreign students U.S. Citizens 5. Will workers be able to renew? Yes** No Mandeep Test questions from Border Control 6. U.S Customs and border protection, a Bureau of the United States department of homeland security is responsible for keeping illegal aliens out True** False 7. CBP is not responsible for guarding 7,000 miles of land border that it shares with Canada and Mexico. False** True 8. The CBP is responsible for protecting U.S business from theft of intellectual property and unfair trade practices. True** False 9. Despite law enforcement efforts the flow of drugs along the southwest border continues True**False 10. Nobody feels the purposed border fence represents a notion that America is against immigration when in fact America is pro legal immigration False** True Thayes Immigration and Boarder Control History 11. Immigration is the movement of people into another nation with the intention of residing there permanently. True** False 12. What does border control mean? To protect the United States borders to keep people from entering unlawfully** To keep people out of certain states To stop people from leaving the United States 13. What are three reasons that the United States started border control? To stop the flow of illegal aliens from entering the United States To put limits on who could enter the United States Protect the United States. 14. How much did the U.S. procreate for border control in 2007? 7.84 billion** 7.84 million 1.27 billion 6.57 million 15. ____________ people started out working for border control in 1904. While _________ are current employees of U.S. Customs and border Control in 2007? 75, 44,000 ** 350, 21,000 21,000, 350 120, 44,000 Mike Policy Questions 16. When was the first Guest worker program in the US started? 1. 1911 2. 1987 3. There has never been a guest worker program 4.1942 ***17. As of the year 2000 what percentage of foreign born living in the US were naturalized citizens. 1. 90.8% 2. 15.7% 3. 40.3% *** 4. 50.4% 18. What group by region made up the largest foreign born population in the US as of 2000? 1. South America 2. Aisa 3 Central America *** 4. Europe 19. In the 1965 immigration act The Family-Relations visa was designed to exclude what groups. 1. Western Europeans 2. Eastern Europeans 3. Africans *** 4. Canadians 20. The immigration act of 1965 was intended to increase the number of immigrants from what area 1. Eastern & Southern Europe *** 2. Central and South America 3. Asia 4. India & Pakistan.20 Questions ~ Mortgage Interest Deduction 1. A home mortgage is __. a. A sign you are losing at Monopoly b. A loan on any house that you own c. A loan that is secured by your main or second home d. A loan that is taken out on the appraised equity of your home 2. When is a destroyed home considered a qualified home for mortgage interest deduction? Every destroyed home qualifies Only destroyed homes where the owner is still making mortgage payments Destroyed homes do not qualify Only destroyed homes where owners are still making mortgage payments and either plan to rebuild or sell the lot 3. What is the limit, if filing separately, of the total qualifying mortgage balance? $1,000,000 $500,000 $750,000 No limit 4. What are the qualifications of secured debt? Ownership of a qualified home is used as collateral for the loan If the owner defaults on the loan, the loan can be satisfied by the lender’s possession of the house Follows federal and regional laws All of the above A and B None of the above 5. Points are ___. Certain charges paid, or treated as paid, by a borrower to obtain a home mortgage The units in which interest must be deducted Apart of a scoring system related to the ratio of good debt to bad debt Not a term even remotely related to mortgage interest tax deductions 6. When was the first federal modern income tax created? 1643 1861 1894 1913 7. Which of the following was NOT a reason why the first interest deductions probably didn't have homeownership in mind?It excluded the first $3,000 (or $4,000 for married filers) of income, and only one percent of the population made more than this. The majority of people did not have mortgages, because they paid cash for their homes Legislation excluded home mortgage interest deductions, declaring them “unconstitutional” 8. Which act ended the deductibility of credit cards and other consumer loans, but increased incentives for home mortgage tax deductions? Tax Act of 1894 The Tax Reform Act of 1986 The 2006 legislation signed by George W. Bush The Sixteenth Amendment 9. In 2005 George W. Bush appointed a nine member panel to propose another major tax reform, like that of 1986. How many plans concerning mortgage interest deductions did the panel propose to improve current tax legislation? 2 1 3 none 10. As of 2005, what percentage of Americans owned their own homes? 45% 57% 69% 74% 11. What year was the Housing and Urban Development (HUD) started? 1950’s 1930’s 1960’s 1920’s 12. What is the rough estimate of Homeownership today? 80% 70% 60% 50% 13. What is the rough estimate of Minority Homeownership? 80% 70% 60%50% 14. A Core Mission of Housing and Urban Development (HUD) is? Increasing Homeownership Assisting Low-Income Renters Improving Physical, Social, and Economic Health of Cities Fighting Discrimination in Housing Markets All of the Above 15. Fannie Mae and Freddie Mac are government owned mortgage finance companies? True False 16. Studies have shown that all of the following are positive effects of people who own homes except: More likely to vote Move around less often Earning potential increases Children perform better in schools 17. During the class presentation it was discussed that there were some unintended effects of the mortgage tax deduction. All of the following are some unintended effects except: Increase in home prices Divorce