BEATRIZSANTILLANES

Question 1

Affordable Care Act (ACA)

Answer 1

A 2010 law designed to ensure that nearly all Americans would have access to health care coverage, including those living in poverty.

Question 2

Public Policy

Answer 2

An intentional course of action or inaction followed by government in dealing with some problem or matter of concern.

Question 3

Distributive Policies

Answer 3

Public policies that provide benefits to individuals, groups, communities, or corporations.

Question 4

Regulatory Policies

Answer 4

Public policies that limit the activities of individuals and corporations or prohibit certain types of unacceptable behavior.

Question 5

Redistributive Policies

Answer 5

Public policies that transfer resources from one group to assist another group.

Question 6

Systemic Agenda

Answer 6

A set of issues to be discussed or given attention; it consists of all public issues viewed as requiring governmental attention.

Question 7

Governmental (Institutional) Agenda

Answer 7

Problems to which public officials feel obligated to devote active and serious attention.

Question 8

Agenda Setting

Answer 8

The process of forming the list of issues to be addressed by government.

Question 9

Policy Formulation

Answer 9

The crafting of proposed courses of action to resolve public problems.

Question 10

Policy Adoption

Answer 10

The approval of a policy proposal by people with the requisite authority, such as a legislature.

Question 11

Policy Evaluation

Answer 11

The process of determining whether a course of action is achieving it intended goals.

Question 12

Fiscal Policy

Answer 12

The deliberate use of the national government’s taxing and spending policies to maintain economic stability.

Question 13

National Debt

Answer 13

The total amount owed by the federal government to its creditors, both domestic and international.

Question 14

Laissez-Faire

Answer 14

Economic philosophy that endorses a very limited role for government in the economy.

Question 15

Recession

Answer 15

A decline in the economy that occurs an investment sags, production falls off, and unemployment increases.

Question 16

Depression

Answer 16

A severe and long lasting decline in the economy that occurs as investment sags, production falls off, and unemployment increases.

Question 17

Keynesian Economics

Answer 17

An economic approach first championed by economist John Maynard Keynes in the 1930s, who maintained that spending by government can stimulate economic growth much faster than a free market could on its own.

Question 18

Inflation

Answer 18

A rise in the general price levels of goods and services within an economy.

Question 19

Budget Deficit

Answer 19

The economic condition that occurs when expenditures exceed revenues.

Question 20

Gross Domestic Product (GDP)

Answer 20

The total market value of all goods and services produced in a country during a year.

Question 21

Monetary Policy

Answer 21

A form of government regulation in which the nation’s money supply and interest rates and controlled.

Question 22

Federal Reserve System

Answer 22

The organization in the United States tasked with such responsibilities as managing the money supply, stabilizing prices, moderating interest rates, and reducing unemployment.

Question 23

Board of Governors

Answer 23

In the Federal Reserve System, a seven-member board that makes most economic decisions regarding interest rates and the supply of money; it is led by the Federal Reserve chair.

Question 24

Open Market Operations

Answer 24

The buying and selling of government securities by the Federal Reserve Bank.

Question 25

Discount Rate

Answer 25

The rate of interest at which the Federal Reserve Board lends money to member banks.

Question 26

Reserve Requirements

Answer 26

Government requirements that a portion of member banks’ deposits be retained as backing for their loans.

Question 27

Medicare

Answer 27

The federal program established during Lyndon B. Johnson’s administration that provides medical care to elderly Social Security recipients.

Question 28

Medicaid

Answer 28

A government program that subsidizes medical care for the poor.

Question 29

No Child Left Behind Act (NCLB)

Answer 29

Bipartisan education reform bill that employed high standards and measurable goals as a method of improving American education across states; in 2016, it was largely replaced by the Every Student Succeeds Act (ESSA).

Question 30

Common Core

Answer 30

A voluntarily adopted multi-state approach to setting standards that all students should achieve up through the high-school level.

Question 31

Vouchers

Answer 31

Certificates issued by the government that may be applied toward the cost of attending private or other public schools.

Question 32

Charter Schools

Answer 32

Semi-public schools that have open admission and receive some support from the government and may also receive private donations to increase the quality of education.

Question 33

Social Security Act

Answer 33

A 1935 law that established old age insurance; assistance for the needy, aged, blind, and families with dependent children; and unemployment insurance.

Question 34

Entitlement Programs

Answer 34

Government benefits that all citizens meeting eligibility criteria – such as age,income level, or unemployment – are legally “entitled” to receive.

Question 35

Non - Means - Tested Programs

Answer 35

Programs that provide cash assistance to qualified beneficiaries, regardless of income; among these are Social Security and unemployment insurance.

Question 36

Means - Tested Programs

Answer 36

Programs requiring beneficiaries to have incomes below specified levels to be eligible for benefits; among these are Social Security Insurance (SSI), Temporary Aid to Needy Families, (TANF), and the Supplemental Nutrition Assistance Program (SNAP), formerly called “food stamps”.