A policy document allocating burdens (taxes) and benefits (expenditures)
What is a budget?
100
The federal agency created to regulate the stock market
What is Securities and Exchange Commission?
100
An act that provided national assistance to poor families. Usually called Aid to Families with Dependent Children.
What is the Social Security Act?
100
The head of the department of state and is the key adviser to the president on foreign policy.
What is the secretary of state?
100
Policies for which Congress has obligated itself to pay X level of benefits to Y number of recipients
What are entitlements?
200
The constitutional amendment in 1913 that permits Congress to levy an income tax
What is the 16th Amendment?
200
Negotiations between representatives of labor unions and management to determine pay/acceptable working conditions.
What is collective bargaining?
200
Perception that an individual is not doing economically well as others.
What is relative deprivation?
200
An organization created by US, canada, for mutual defense
What is NATO?
200
An act of Congress that funds programs within limits established by authorizations bills. Usually covers one year.
What is an appropriations bill?
300
An act designed to reform congress budget as a whole. Included a fixed budget calendar, a budget committee in each house, and a Congressional Budget Office.
What is the Congressional Budget and Impoundment Control Act? (Answer does not have to be exact)
300
The measure of inflation, change in the cost of buying a fixed basket of goods/services.
What is consumer price index?
300
A tax by which government takes the same share of income from everyone poor and wealthy.
What is proportional tax?
300
A group consists of commanding officers each of armed services, chairperson, vp chairperson, and advises president on military policy.
What is the Joint Chief of Staff
300
Government programs providing benefits only to individuals who qualify based on specific needs.
What is means tested programs?
400
An act of Congress that establishes, continues, or changes a discretionary government program or entitlement.
What is an authorization bill?
400
The instrument for making monetary policy. Regulates lending practices of banks and the money supply. Not undermined by Congress or the President.
What is the Federal Reserve?
400
A refundable federal income tax credit for low income working individuals even if they do not have enough money to fill out a tax return.
What is Earned Income Tax Credit?
400
Mutual reliance in which actions of nations have a direct affect on the well being of other nations.
What is interdependency?
400
economic theory that the key task for fiscal policy is to stimulate supply of goods and cut tax rates.
What is supply side economics?
500
A congressional process through which program authorizations are revised to achieve savings. Includes tax or revenue adjustments.
What is reconciliation?
500
A policy designed to ensure competition and prevent monopoly.
What is antitrust policy?
500
Benefits given by the government directly to individuals either cash transfers such as social security payments, or in kind transfers (tuition)
What are transfer payments?
500
The ratio of what is paid for imports to what is earned from exports.
What is the balance of trade?
500
A policy in 1970s, to relax the tensions between the US and Soviet Union