Early Midterm All Vocab Flashcards
(121 cards)
Political violence
Violence outside of state control that is politically motivated
Ideational
Having to do with ideas
Revolution
Public seizure of the state to overthrow the existing government and regime
Relative deprivation model
Model that predicts revolution when public expectations outpace the rate of domestic change
Terrorism
Use of violence by nonstate actors against civilians to achieve a political goal
State sponsored terrorism
Terrorism supported directly by a state as an instrument of foreign policy
Guerilla war
Nonstate combants who largely abide by the rules of war and target the state
Nihilism
All institutions and values are meaningless, the only redeeming value is violence
Political economy
The study of the interaction between states and markets
Market
The interaction between the forces of supply and demand that allocat resources
Property
Goods or services that are owned privately or publicly by an individual or group
Public goods
Goods, provided or secured by the state, available to society and which no private person or organization can own
Gross Domestic Product
Total market value of all goods and services produced by a country over a year
Central bank
State institution that controls how much money is in the economy and how much it costs to borrow money in the economy
Inflation
Outstripping of supply and demand causing an increase in the general price level
Hyperinflation
Inflation of more than 50% a month for more than two months in a row
Deflation
Falling prices and values for goods, services, investments, and wages
Regulation
Rule or order that sets boundaries of a given procedure
Monopoly
Single producer that is able to dominate the market for a good or service without effective competition
Tariff
Tax on imported goods
Quota
Nontariff barrier that limits the quantity of a good that may be imported into a country
Comparative advantage
Ability of one country to produce a good a more efficiently than another countr
Political-economic systems
Relationship between political and economic institutions in a particular country
Laissez-Faire
The economy should be allowed to do what it wishes