Taxation
What is a tax?
A financial charge imposed by the government
What is public policy?
What is an import good?
A good bought from another country
What is isolationism?
A policy of non-intervention and minimal involvement in international affairs
What is social security?
A government retirement program
What is a sales tax?
A tax on goods and services at the point of purchase
What is foreign policy?
How the government handles relationships with countries outside the United States
What is an export good?
A good sold to another country
What is internationalism?
A foreign policy approach promoting international cooperation
What is the Federal Reserve?
The central banking system of the United States
What is a property tax?
A tax on the value of real estate or personal property
Who creates public policies?
Elected officials and government agencies
What is a quota?
A limit placed on goods being brought in the US
What is imperialism?
A policy of extending a nation's power and influence through conquering a smaller territory
Where did Huey P. Long think we should get social security from?
Taxing the more wealthy people of the world
What is an excise tax?
A tax on specific goods like alcohol or tobacco
Who creates foreign policies?
Government leaders
What is a tariff?
A tax placed on goods being brought into the US
What does NATO stand for?
Northern Atlantic Treaty Organization
Where did Dr. Townsend think we should get social security from?
A national sales tax
What is an estate tax?
A tax on inherited assets from a rich individual
What is an example of public and foreign policy?
Correct!
What is the World Trade Organization?
An international trade organization that oversees global trade rules and agreements
What is NATO?
A political and military alliance for collective defense
Multiply the purchase price by the sales tax rate