Fiscal policy study Flashcards
(17 cards)
fiscal policy
Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation’s economy.
sanction
punishing actions taken against a nation for political reasons.
free trade
the elimination of tariffs.
alliance(NATO)
people or groups that have joined together to achieve common purpose
economic sanction
A limited ban on trading certain items such as weapons or a full ban except for food and medicine.
diplomatic sanction
reducing or removing diplomatic staff, such as embassies.
embargo
prohibiting trade with a certain country to isolate that country and make it’s economy suffer.
Foreign Aid
One country helps another country through some form of donation.
military sanction
military actions such as blockading.
tariff
a tax placed on imported goods and/or exported goods.
trade bloc(NAFTA)
A group of countries agreeing to eliminate tariffs against trade with each other.
trade sanction
Economic sanctions that are put on a trade dispute, usually involving tariffs.
zoning laws
how local government regulates how land is developed in order to shape the community.
infrastructure
the roads, bridges, sewage systems, water systems, etc, that allow a city to function.
gentrification
when wealthier people move into an area and cause increases that force the original neighborhood members somewhere cheaper.
passport
issued by the country you are from and allows you to travel to other countries.
visa
issued by the country you are visiting and allows you to vis
