Final #2 Flashcards
Majority Opinion
When more than half of the judges support an opinion
Monetary policy
Actions taken by the central bank in order to control the money supply
PACs
Political Action Committee
Party Machines
The internal organization of a political party
Party platform
Set of goals/principals that are supported by a political party
Pendleton Civil service act
Gives citizens the right to compete for jobs regardless of politics, religion, or race
Population versus sample
Population is a whole group of something and sample is a small part of a population
Principal-agent problem
when one person acts on the behalf of another person but their interests are not the same
Rationality
Actions which are motivated by wanting power and wanting to get into office
Red tape
Excessive government rules
redistribution
The transfer of wealth from some individuals to others
response bias
participants may respond inaccurately or falsely
revolving door
People are continuously coming and going
Rule of law
everyone is subject to the same laws
sample bias
when their is bias when determining the sample to take from the population
