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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
Q

FED

A

control IR and money supply

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26
Q

TARP

A

trouble asset relief program, 2008 recession, gov buying securities

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27
Q

American Recovery and Reinvestment Act

A

stimulate economy during Great Recession

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28
Q

Monetary Response of 2008

A

lowered federal funds rate, Lower IR

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29
Q

Gramm-Rudman-Hollings Act

A

cut federal budget deficit, 1985

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30
Q

Congressional Budget and Impoundment Act of 1974

A

establish budget, deciding process

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31
Q

Dodd-Frank Act

A

limits risk taking and exploration of consumers

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32
Q

GDP

A

gross domestic output, total output

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33
Q

GNP

A

gross national product, total output including foreign investment

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34
Q

CPI

A

consumer price index, total market basket

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35
Q

Inflation

A

price increase

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36
Q

Recession

A

price decrease, decrease in output

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37
Q

Fiscal Policy

A

gov spending/taxes

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38
Q

Monetary Policy

A

money supply/IR

39
Q

Keynesian

A

gov stimulates economy; liberal

40
Q

Supply-Side

A

stimulate supply w/ tax cuts; Republican

41
Q

Monetarism

A

supply is key to economic health; to much cash and credit= inflation

42
Q

Why is budget the foundation

A

what money does and where it goes

43
Q

House ways and means committee

A

tax writing, main tax manager

44
Q

Senate Finance Committee

A

standing committee in senate; taxation and revenue

45
Q

Appropriations Committees

A

regulate expenditures of gov (gov spending)

46
Q

GAO

A

government accountability; congressional watchdog; holds federal gov accountable

47
Q

Budget

A

distribution of wealth for a specific purpose

48
Q

Deficit

A

spending more than your making

49
Q

Incrementalism

A

change in small degrees, not all at once

50
Q

Budget Resolution

A

guidelines for budget

51
Q

Reconciliation

A

making economic amendments for historic/indigenous people

52
Q

Authorization Bill

A

continues federal agency

53
Q

Continuing resolution

A

provide funding based on previous year

54
Q

Debt Limit/Ceiling

A

max/min amount US gov can borrow by issuing bonds, set by congress

55
Q

Social Welfare

A

gov programs to support those in need; provide benefits; based on entitlement

56
Q

Entitlement

A

eligibility requirement; don’t just get; i.e. age

57
Q

Means Test

A

determine eligibility for benefits, meet cutoffs

58
Q

AFDC

A

Agency to families w/ dependent children, replaced by TANF

59
Q

TANF

A

find job within 2 years, 5 year welfare limit

60
Q

Social Security Act of 1935

A

aid after retirement, 65 and older

61
Q

Medicare Act of 1965

A

old, medicare for elderly, includes medicaid

62
Q

New Deal on SWP

A

FDR, gov has responsibility to support those in need

63
Q

SWP at national level

A

liberal; support big gov

64
Q

SWP at state level

A

republican; support state rights

65
Q

SWP control by Public

A

democrat; funded by tax, larger gov role

66
Q

SWP control by Private

A

republican; not go run

67
Q

SWP not a basic right

A

conservative; poor are the reason for there own poverty

68
Q

SWP is a basic right

A

liberal; system keeps the poor in poverty

69
Q

Public opinion and SWP

A

publics view on sw determines what’s policy is made; plays large role in elections

70
Q

Foreign Policy

A

decisions that affects foreign affairs

71
Q

3 main components of foreign policy

A

economic, military, environmental

72
Q

Foreign Policy and Domestic Policy

A

foreign economic policy affects prices of goods domestically

73
Q

President and Foreign Policy

A

commander in chief, send troops, chief diplomat, meet w/ world leaders, recognize countries

74
Q

Congress and foreign policy

A

ratify treaties, approve appointees, manage budget, declare war, impeachment, taxes/tariffs

75
Q

Conflict of FP btw congress and president

A

president bc congress is more concerned with domestic

76
Q

secretary of defense

A

advise president on defense policy

77
Q

joint chiefs

A

military leaders who advise the president on military

78
Q

NSC

A

president, vp, secretary of defense, joint chief; discuss national security and foreign policy

79
Q

Secretary of Homeland Security

A

advising about anti-terrorism, after 911, increase US security

80
Q

CIA

A

central intelligence unit; formed after 911; increase US security abroad

81
Q

Isolationism

A

not participating in conflict; Washington farewell, Monroe doctrine

82
Q

Containment

A

containing communism; truman doctrine

83
Q

Internationalism

A

UN, World Health, county’s come together with common goal

84
Q

Regional Organization

A

pact of neighboring countries

85
Q

Collective Security

A

countries working together to prevent/stop wars

86
Q

Camp X-ray

A

temporary military prison

87
Q

USA Patriot Act

A

gov can have access to private information, post 911

88
Q

Resolution 1441

A

legal justification for invading Iraq

89
Q

War Powers Act

A

limits presidential power in times of war, 60 day limit on troops

90
Q

GATT

A

general agreement on tariffs and trade, promote international trade by decreasing tariffs

91
Q

IMF

A

International monetary fund, economic development, lending

92
Q

WTO

A

World Trade Organization, trade regulation

93
Q

detente

A

relaxation of tensions btw US and Soviet Union

94
Q

New use for US defense

AP Gov (5 decks)

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