Gov't Politics and the Economy
Policies for controlling the Big E
It's hard to control the arenas
Understanding Economic Policymaking
Walmart and China
100
An economic system where individuals and corporations own the principal means of production
What is Capitalism
100
Principal that government should not meddle in the economy
What is laissez-faire
100
Economic policy of shielding an economy from imports
What is protectionism
100
When voters tend to assess the overall rate of unemployment more than their own individual circumstance
What is sociotropic
100
Walmart stockholders love reaping the $$$ advantage that China offers in the form of cheaper products from made in China
What is comparative advantage
200
Businesses with vast holdings in many countries
What are multinational corporations
200
Economic theory holding that the supply of money is the key to the nation's economic health
What is monetarism
200
International organization that regulates international trade
What is the World Trade Organization (WTO)
200
Ages 16-24 have the highest rates of this
What is unemployment
200
A key concern of the new global economy for American workers is off shore
What is outsourcing
300
The federal agency created during the New Deal that regulates the stock market
What is Securities and Exchange Commission
300
It was created by Congress in 1913 to regulate the lending practices of banks and thus the money supply
What is the Federal Reserve System
300
A policy designed to ensure competition and prevent monopoly
What is antitrust policy
300
The most important tool the government has for controlling the economy
What is the money supply
300
The proportion of Chinese who own cars is about the same as____________.
What is Americans who owned cars in 1918
400
Negotiations between representatives of labor unions and management
What is collective bargaining
400
Theory advocated by President Reagan suggesting that cutting taxes would return purchasing power to the consumers and stimulate the economy
What is supply-side economics
400
The federal agency formed in 1913 and assigned the task of approving all food products and drugs sold in the USA
What is (FDA) Food and Drug Administration
400
The ratio of imports vs. exports
What is the "Balance of payments"
400
China ranks near the top of all countries holding this
What is US Government debt
500
The key measure of inflation that relates the rise in prices over time
What is consumer price index
500
This theory stated that government spending and deficits can help the economy weather its normal ups and downs
What is Keynesian economic theory
500
A 1935 law, also known as the Wagner Act, that guarantees workers the right of collective bargaining
What is National Labor Relations Act
500
The first antitrust act in 1890
What is Sherman act
500
China adds one of these every four days and the World feels it.
What is coal burning plant
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