Public & Domestic Policy
The broad strategy government uses to do its job.
What is Public Policy?
The strategies and goals that guide a nation's relations with other countries.
What is Foreign Policy?
The tax you pay when you buy something.
What is a Sales Tax?
A general and ongoing rise in the price of production of goods and/or rise in the demand for goods or services in an entire economy.
What is Inflation?
A type of economic system where supply and demand regulate the economy, rather than government intervention.
What is Market Economy?
The set of decisions that a government makes relating to things that directly affect the people in its own country.
The establishment and maintenance of a formal relationship between countries that govern their interactions.
What is Diplomacy?
A tax imposed on the wages, salaries, dividends, interest, and other income a person earns throughout the year.
What is an Income Tax?
Managing the money supply to influence interest rates and the availability of credit; limited set of actions that are aimed at affecting financial conditions.
What is Monetary Policy?
A market structure where a single seller or producer assumes a dominant position in an industry or a sector.
What is a Monopoly?
A type of policy that provides benefits to all Americans .
What is Distributive Policy?
When leaders try to isolate their country from international affairs to focus on internal challenges, limit outside influence, and avoid getting dragged into other countries conflicts.
What is Isolationism?
A tax on goods that are imported to the US from other countries.
What is a Tariff?
The federal government's overall approach to spending, borrowing, and taxation.
The central bank of the United States.
What is the Federal Reserve System?
A type of policy that takes benefits (usually through taxes) from one group of Americans & gives them to another.
What is Redistributive Policy?
The international transfer of money, goods, or services from a country or international organization to improve the other country's stability and their citizen's quality of life.
What is Foreign Aid?
A tax that only applies to certain products.
What is an Excise Tax?
The rental price of money / the cost of borrowing money.
What is an Interest Rate?
An exclusive right granted for an invention.
What is a patent?
The balance between protecting safety and protecting constitutional rights.
What is Regulatory Policy?
The way the US interacts with other countries to ease the flow of commerce, goods, and services between countries.
What is Trade Policy?
The basic retirement program run by the federal government.
What is Social Security?
When an economy is in a severe and prolonged state of decline that can affect several countries simultaneously.
What is an Economic Depression?
Policies between two or more countries to reduce barriers to import and export.
What is Free Trade?