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Policy Flashcards

1
Q

cost

A

what you give up in order to gain something else

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2
Q

benefit

A

value gained from something

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3
Q

Client Politics

A

small group benefits, big group costs

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4
Q

Entrepreneurial Politics

A

big group benefit, small group cost

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5
Q

Majoritarian Politics

A

big group costs, big group benefits

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6
Q

Interest Group Politics

A

small group benefits, small group costs

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7
Q

Policy Entrepreneur

A

policy to benefit individual/group for own gain

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8
Q

Public Policy

A

policy that affects large majority of the public

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9
Q

Perception

A

the way individuals view policy

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10
Q

General Process Order

A
  1. Agenda
  2. Formulation
  3. Adoption
  4. Budgeting
  5. Implementation
  6. Evaluation
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11
Q

agenda

A

identify issue

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12
Q

formulation

A

make policy to agrees issue

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13
Q

adoption

A

choosing solution and making it official

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14
Q

budgeting

A

money allocated for carrying out policy

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15
Q

implementation

A

putting policy in action

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16
Q

evaluation

A

check is its working, making changes as needed

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17
Q

Why Economic Policy is important

A

affects everything else/everybody, holds value in elections

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18
Q

President Economic Role

A

assigns board of governors/FED

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19
Q

Secretary of Treasury

A

economic advisor, maintains treasury

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20
Q

OMB

A

office of management and budget

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21
Q

CBO

A

congressional budget office, congress info on economy

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22
Q

CEA

A

counsel of economic advisors, advise an economic international policy

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23
Q

Congress Economic Role

A

senate approves FED, taxes, interstate commerce

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24
Q

Chairman of the FED

A

most power in economy, regulates banks

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25
FED
control IR and money supply
26
TARP
trouble asset relief program, 2008 recession, gov buying securities
27
American Recovery and Reinvestment Act
stimulate economy during Great Recession
28
Monetary Response of 2008
lowered federal funds rate, Lower IR
29
Gramm-Rudman-Hollings Act
cut federal budget deficit, 1985
30
Congressional Budget and Impoundment Act of 1974
establish budget, deciding process
31
Dodd-Frank Act
limits risk taking and exploration of consumers
32
GDP
gross domestic output, total output
33
GNP
gross national product, total output including foreign investment
34
CPI
consumer price index, total market basket
35
Inflation
price increase
36
Recession
price decrease, decrease in output
37
Fiscal Policy
gov spending/taxes
38
Monetary Policy
money supply/IR
39
Keynesian
gov stimulates economy; liberal
40
Supply-Side
stimulate supply w/ tax cuts; Republican
41
Monetarism
supply is key to economic health; to much cash and credit= inflation
42
Why is budget the foundation
what money does and where it goes
43
House ways and means committee
tax writing, main tax manager
44
Senate Finance Committee
standing committee in senate; taxation and revenue
45
Appropriations Committees
regulate expenditures of gov (gov spending)
46
GAO
government accountability; congressional watchdog; holds federal gov accountable
47
Budget
distribution of wealth for a specific purpose
48
Deficit
spending more than your making
49
Incrementalism
change in small degrees, not all at once
50
Budget Resolution
guidelines for budget
51
Reconciliation
making economic amendments for historic/indigenous people
52
Authorization Bill
continues federal agency
53
Continuing resolution
provide funding based on previous year
54
Debt Limit/Ceiling
max/min amount US gov can borrow by issuing bonds, set by congress
55
Social Welfare
gov programs to support those in need; provide benefits; based on entitlement
56
Entitlement
eligibility requirement; don't just get; i.e. age
57
Means Test
determine eligibility for benefits, meet cutoffs
58
AFDC
Agency to families w/ dependent children, replaced by TANF
59
TANF
find job within 2 years, 5 year welfare limit
60
Social Security Act of 1935
aid after retirement, 65 and older
61
Medicare Act of 1965
old, medicare for elderly, includes medicaid
62
New Deal on SWP
FDR, gov has responsibility to support those in need
63
SWP at national level
liberal; support big gov
64
SWP at state level
republican; support state rights
65
SWP control by Public
democrat; funded by tax, larger gov role
66
SWP control by Private
republican; not go run
67
SWP not a basic right
conservative; poor are the reason for there own poverty
68
SWP is a basic right
liberal; system keeps the poor in poverty
69
Public opinion and SWP
publics view on sw determines what's policy is made; plays large role in elections
70
Foreign Policy
decisions that affects foreign affairs
71
3 main components of foreign policy
economic, military, environmental
72
Foreign Policy and Domestic Policy
foreign economic policy affects prices of goods domestically
73
President and Foreign Policy
commander in chief, send troops, chief diplomat, meet w/ world leaders, recognize countries
74
Congress and foreign policy
ratify treaties, approve appointees, manage budget, declare war, impeachment, taxes/tariffs
75
Conflict of FP btw congress and president
president bc congress is more concerned with domestic
76
secretary of defense
advise president on defense policy
77
joint chiefs
military leaders who advise the president on military
78
NSC
president, vp, secretary of defense, joint chief; discuss national security and foreign policy
79
Secretary of Homeland Security
advising about anti-terrorism, after 911, increase US security
80
CIA
central intelligence unit; formed after 911; increase US security abroad
81
Isolationism
not participating in conflict; Washington farewell, Monroe doctrine
82
Containment
containing communism; truman doctrine
83
Internationalism
UN, World Health, county's come together with common goal
84
Regional Organization
pact of neighboring countries
85
Collective Security
countries working together to prevent/stop wars
86
Camp X-ray
temporary military prison
87
USA Patriot Act
gov can have access to private information, post 911
88
Resolution 1441
legal justification for invading Iraq
89
War Powers Act
limits presidential power in times of war, 60 day limit on troops
90
GATT
general agreement on tariffs and trade, promote international trade by decreasing tariffs
91
IMF
International monetary fund, economic development, lending
92
WTO
World Trade Organization, trade regulation
93
detente
relaxation of tensions btw US and Soviet Union
94
New use for US defense
terrorism

AP Gov (5 decks)

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