PSCI 2305 EXAM 3 with correct answers
public policy - CORRECT ANSWERS ✔✔action taken by
government to address societal problems or needs.
Distributive policy - CORRECT ANSWERS ✔✔uses funding from
general tax revenues to administer programs that provide benefits to
certain businesses, groups, or individuals.
Redistributive policy - CORRECT ANSWERS ✔✔uses taxes on one
segment of the population to provide benefits to another (usually
needy) segment of the population.
Regulatory policy - CORRECT ANSWERS ✔✔seeks to benefit society
in general by prohibiting activities that might cause harm to oneself
or others.
Iron triangle - CORRECT ANSWERS ✔✔A term describing the
coordination among congressional committees, bureaucratic
agencies, and interest groups.
Fiscal policy - CORRECT ANSWERS ✔✔The government's use of
taxation and expenditure measures to influence the economy.
, Monetary policy - CORRECT ANSWERS ✔✔Government regulates
the economy by manipulating interest rates to control the money
supply
x: The Federal Reserve, not politicians,
determines monetary policy
Deficit - CORRECT ANSWERS ✔✔amount by which government
spending exceeds government revenue in a single fiscal year
Surplus - CORRECT ANSWERS ✔✔amount by which government
revenue exceeds government spending in a single fiscal year.
Budget - CORRECT ANSWERS ✔✔the government's annual plan for
taxing and
spending.
debt - CORRECT ANSWERS ✔✔total amount of money owed by the
federal
government as a result of repeated annual spending outpacing
annual revenue.
public policy - CORRECT ANSWERS ✔✔action taken by
government to address societal problems or needs.
Distributive policy - CORRECT ANSWERS ✔✔uses funding from
general tax revenues to administer programs that provide benefits to
certain businesses, groups, or individuals.
Redistributive policy - CORRECT ANSWERS ✔✔uses taxes on one
segment of the population to provide benefits to another (usually
needy) segment of the population.
Regulatory policy - CORRECT ANSWERS ✔✔seeks to benefit society
in general by prohibiting activities that might cause harm to oneself
or others.
Iron triangle - CORRECT ANSWERS ✔✔A term describing the
coordination among congressional committees, bureaucratic
agencies, and interest groups.
Fiscal policy - CORRECT ANSWERS ✔✔The government's use of
taxation and expenditure measures to influence the economy.
, Monetary policy - CORRECT ANSWERS ✔✔Government regulates
the economy by manipulating interest rates to control the money
supply
x: The Federal Reserve, not politicians,
determines monetary policy
Deficit - CORRECT ANSWERS ✔✔amount by which government
spending exceeds government revenue in a single fiscal year
Surplus - CORRECT ANSWERS ✔✔amount by which government
revenue exceeds government spending in a single fiscal year.
Budget - CORRECT ANSWERS ✔✔the government's annual plan for
taxing and
spending.
debt - CORRECT ANSWERS ✔✔total amount of money owed by the
federal
government as a result of repeated annual spending outpacing
annual revenue.
