Policies pt 1
Policy where the set of decisions that a government makes relates to things that directly affect their citizens
What is domestic policy?
Policy where involving a government’s strategies and actions when engaging with other countries
What is foreign policy?
This shows the fluctuation of economic activity, such as booms/expansions and recessions/contractions
What is the business cycle?
This type of federalism does not include any overlapping of powers between federal and state governments
What is dual federalism OR layer cake federalism?
This is the one case of a GOOD monopoly
What are utlities?
List at least 1 type of domestic policy. Each correct answer earns you 200 points
What are distributive, regulatory, and redistributive policies?
This is the "stirring the pot" policy
What is interventionism?
The federal government is in charge of this economic policy
What is fiscal policy?
These levels of government cover the costs of education
What are local and state governments?
A farmers market, where two vendors are selling tomatoes at different prices would be considered this
What is perfect competition?
When creating domestic policies, lawmakers must consider these two things
Who pays and who benefits?
This is what causes the U.S. to switch back and forth between isolationism and interventionism
What is being drug into wars?
This economic policy is focused on keeping the interest rate steady and employment high
What is monetary policy?
Name at least one social welfare program
Medicare, Medicaid, Social Security, Food Stamps, IDEA
In this society, a few companies dominate the market
What is an oligopoly?
Special interest groups and this other position play a big part in influencing policies
What are lobbyists?
This document warned European countries that if they attacked or tried to claim any Latin country, the U.S. would intervene
What is the Monroe Doctrine?
This economic system is where assets are controlled by the government
What is socialism?
What is the difference between creative and new federalism? You must identify which is which
In creative federalism, federal government has more power
In new federalism, state governments have more power
When companies of a similar product work together to avoid competition, and raise prices on their products to increase revenue, they form this
What is a trust?
This legislative act or administration was created as a directly result of Upton Sinclair publishing his muckraking work The Jungle
What is the Pure Food and Drug Act OR what was the Food and Drug Administration?
This act of domestic policy pushed to expand the Monroe Doctrine, stating the US had a right to intervene in situations in the Western Hemisphere against European nations
What is the Roosevelt Corollary?
In this phase of the business cycle, banks increase interests rates, spending decreases, and employment decreases
What is the contractionary phase?
This president signed the Affordable Healthcare Act into law; its also partially named after him
Who is Barack Obama?
This program by FDR created a bunch of new government programs to help aid society and pull us out of the Great Depression
What was the New Deal?