The Federal Reserve Board is in charge of controlling this
What is money supply?
When the amount the government spends in excess of its revenues
What is a budget deficit?
Why was the North Atlantic Treaty Organization formed?
What is to defend against Communism?
The government controls limits and choices in this system
What is Socialist or Communist?
Word to describe SNAP, Temporary Assistance for Needy Families (TANF), Medicare, Medicaid, and Unemployment Insurance
What is Welfare?
The Clean Water Act of 1972 established national standards about water pollution, but allowed states to set stricter standards. This is an example of
What is Cooperative Federalism?
The event that led to the creation of the Dodd-Frank Act.
what is the Financial Crisis of 2007-2008?
Avoiding foreign entanglements to focus on domestic growth.
What is Isolationism
This system emphasizes individual choice
What is capitalist/ Mixed economy
provides medical benefits to low-income individuals and families
what is Medicaid?
When a nation's imports exceeds its exports
what is a trade deficit?
When government Expenditures out-weigh the taxes the government is taking in.
What is a budget deficit?
the interference of a state or group of states into the domestic affairs of another state
What is Internationalism/ Interventionism?
This system is based on supply and demand
What is Capitalist/ Mixed Market?
U.S. government program, established in 1935, provides financial assistance to retirees, disabled individuals, and survivors of deceased workers
What is Social Security?
“This Constitution, and the Laws of the United States which shall be made in Pursuance thereof; and all Treaties made, or which shall be made, under the Authority of the United States, shall be the supreme Law of the Land; and the Judges in every State shall be bound thereby, any Thing in the Constitution or Laws of any State to the Contrary notwithstanding.”
What is the Supremacy Clause?
taxes on luxury goods bought by consumers
what is excise tax?
the act and process of managing international relations through discussions and negotiations with other countries, rather than war
What is Diplomacy?
This system has limited productive resources.
What is Socialist or Communist?
New Deal policy where the government sought to actively regulate and support the agricultural sector.
what is the Agricultural Adjustment Act?
Teddy Roosevelt is being shown here using what type of policy to fix the economy
What is Fiscal Policy?
What type of economic idea is being shown here
What is laissez-faire?
The policy shown in this cartoon
What is Isolationism
What is a capitalist/ mixed economy?
The policy being shown here
What is redistributive policy