Quizz 3 Flashcards
Chapter 13
What is budget deficit?
when expenditures exceed revenues in a fiscal year
Chapter 13
What is federal debt?
all the money borrowed over the years that is still outstanding
Chapter 13
What is fiscal policy
government decisions regarding taxing and spending
Chapter 13
Who can buy government bonds?
-Individuals
-Companies
-Foreign Governments
Chapter 13
What is the most expensive social program?
Medicare
Chapter 16
When was social security created
1935 during the Great Depression Era
Chapter 16
Why is social security expected to fall apart?
-shifting demograohics
-smaller work force
-increased elderly/retired population
-depletion of funds
-longer lifer expectanys
Chapter 17
What are the 3 factors of foreign policy?
- Diplomatic
- Economic
- Military
Chapter 17
Who holds majority power over foreign policy in America?
The President
Chapter 17
What powers does the president have in foreign policy?
- Appoint foriegn ambassadors
- create treatie
- Commander in Chief
Chapter 17
What power does congress have in foreign policy?
- Declare war
- Decides funds for national security
- organizes armed forces
Chapter 18
What is the UN Security Council
most powerful organization within the UN; tasked with deciding what to do when violent/threatening conflicts occur
Chapter 18
How many countries are in the security council and how are those spots decided
15 countries in total; 5 have permanent seats the rest get rotated every few years
Chapter 18
What are the 5 countries w/permanent seat on the security council
USA, UK, Russia, France, China
Chapter 18
What are examples of regional organizations?
NATO, EU, Warsaw Pact
Chapter 18
What is the policy of containment?
the prevention of the expansion of a perceived threat
Chapter 18
What is an example of the policy of containment being used?
On the Soviet Union during the Cold War in order to prevent the spread of communism
Chapter 18
What is the policy of detente?
policy in the Cold War adopted by president Nixon; Meant the easing of tension between the U.S. and the Soviet Union ** via diplomacy and negotiation instead of force**
Chspter 18
What are Economic sanctions?
commercial and financial penalties imposed by states or institutions against other states, groups, or individuals to coerce them into changing their behavior through economic disruption.
Chapter 18
Why are economic sanctions often unsuccessful?
Often times not everyone is onbaord with the sanction meaning the one being sanctioned often doesn’t feel as strong of a financial effect
Chapter 18
What are examples of foreign aid?
Money, products, or services given to other countries
