Vocab Flashcards

1
Q

Sovereignty

A

Ability to make and enforce law

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2
Q

State

A

1) group of people
2) defined territory
3) organized politically
4) with the ability to make and enforce law

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3
Q

Public policy

A

What government does

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4
Q

Politics

A

Who gets what, when, and how

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5
Q

Economics

A

Study of satisfying unlimited wants and needs with limited resources

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6
Q

Microeconomics

A

Individual economics

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7
Q

Macroeconomics

A

Economics of countries

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8
Q

Four factors of economic production

A

1) land
2) labor
3) capital
4) entrepreneurship/management

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9
Q

Divine right theory

A

God wills leaders into power

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10
Q

Evolutionary theory

A

Government arises out of the family unit

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11
Q

Social contract theory

A

People make an agreement with each other to form governments and preserve order

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12
Q

Force theory

A

Rulers rule by defeating their rivals using big gun diplomacy

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13
Q

Political efficacy

A

Whether or not someone believes their vote matters

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14
Q

Political socialization

A

Where one gets his or her political beliefs from

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15
Q

Dual federalism

A

Separate domains of policy for state and local governments

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16
Q

Cooperative federalism

A

Federal government gives aid to states

17
Q

Pluralist theory

A

Many factions vie for power and get their piece of the “pie”

18
Q

Hyperpluralist theory

A

Competition between factions undermines democracy and causes political stalemates

19
Q

McGovern-Fraser Commission

A

Set up to reform the rules for delegate selection at the Democratic National Convention - took power away from elites

20
Q

Soft money

A

Money donated to political parties that is not regulated

21
Q

Hard money

A

Money given directly to candidates and is regulated - information must be recorded and available to the public

22
Q

PAC

A

Subset of an interest group

23
Q

Initiative

A

Something to be put on the ballot due to a civilian petition by a certain percentage of voters

24
Q

Referendum

A

Something put on the ballot by legislature to resolve legislative issue or amend the state constitution

25
Q

Socialism

A

Redistribution of wealth

26
Q

Mixed-market economy

A

Economy with aspects of socialism and capitalism

27
Q

Elasticity of demand

A

Consumer’s willingness to STOP buying a product based on a change in price (ex: basic needs are NOT elastic)

28
Q

Fiscal Federalism/policy

A

How government taxes and spends

29
Q

Monetary policy

A

How government controls money supply (interest rates)

30
Q

due process

A

The law must play fair