POS 2041 Final Exam | Actual study set |
Questions and verified Answers
fiscal policy - ANSW-Regulation of the economy through taxing and spending powers
Humanitarian Policies - ANSW-human rights issues come second to other foreign policy concerns
Public Policy - ANSW-a law, rule, statute, or edict that expresses the government's goals and provides for
rewards and punishments to promote their attainment
Law and Order in a Market Economy - ANSW-provides predictability about basic rules of interaction
-calculable laws
-ensures safety
Monetary Policy - ANSW-Regulation of the economy through manipulation of the supply of money, the
price of money (interest rate) and the availability of credit
Federal Reserve System (Fed) - ANSW-system of 12 federal reserve banks that facilitate exchanges of
cash, check, and credit; regulates member banks; uses monetary policy to fight inflation and deflation
reserve requirement - ANSW-minimum amount of liquid assets and ready cash that the Federal Reserve
requires banks to hold in order to meet depositors demands for their money
Open-market operations - ANSW-The buying and selling of government securities (such as bonds) by the
Federal Reserve System to help finance governmental operations and to reduce or increase the total
amount of money circulating in the economy
Federal Funds Rate - ANSW-the interest rate on loans between banks; the Federal Reserve board uses its
powers to influence this rate (federal funds market)
Treasury Department - ANSW-administration of fiscal policy
-administering and policing income tax and other tax collections
-manage the enormous federal debt
-print currency
entitlement programs - ANSW-social programs that guarantees benefits to a category of people defined
by law
contributory programs - ANSW-Social program financed in whole or in part by taxation or other
mandatory contributions by its present or future recipients (social Security- payroll tax)
noncontributory programs - ANSW-social programs that assist people on the basis of demonstrated need
rather than contributions they have made (public-assistance programs)
reforming social security - ANSW--ratio between contributing workers and retirees has declines
-baby boomers are retiring
-has become youth taking care of old
-we need to increase retirement age and taxes
Medicare - ANSW-National Health Insurance program for the elderly and disabled.
2003 medicare drug benefit - ANSW-signed by Bush and increased program spending
-caused short term financial crisis because it did not increase taxes
goals of national security - ANSW--physical security
, -food supply
-transportation infrastructure
-energy
-cyberspace
cold war - ANSW-the period of struggle between the United States and the former Soviet Union lasting
from the late 1940s to about 1990
-US used containment and deterrence
containment - ANSW-policy designed to limit political and military expansion of a hostile power
-used against the soviet union
deterrence - ANSW-development and maintenance of military strength as a means of discouraging
attack
-used against soviet union
World Trade Organization (WTO) - ANSW-international trade agency that promotes free trade
grew out of the general agreement of tariffs and trade (GATT)- 161 members
North American Free Trade Agreement (NAFTA) - ANSW-agreement between the US, Canada, and
Mexico to lower and eliminate tariffs among the 3 countries
Trans-Pacific Partnership (TPP) - ANSW-US + 11 pacific rim nations lowered tariffs and other trade
barriers throughout the pacific region
-trump withdrew
General Agreement on Tariffs and Trade (GATT) - ANSW-after WWII brought together nations for regular
negotiations designed to reduce barriers to trade that led to the break down of the world economy in
1930's that caused WWII
-World Trade Organization evolved from agreement
National Security Council - ANSW-a presidential foreign policy advisory council composed of the
president, the vice president, the secretary of state, the secretary of defense, and other officials invited
by the president
National Intelligence hierarchy - ANSW-headed by the president
includes security agencies
-Central Intelligence Agency (CIA)
-National Security Council (NSC)
-National Security Agency (NSA)
-Federal Bureau of Investigation (FBI)
Executive Agreement - ANSW-agreement between the president and another country that has the force
of a treaty but does not require the senate's "advice and consent"
-Congress has financial power over executive agreements
-executive-congressional agreements require less than the 2/3 senate vote required for a treaty
Diplomacy - ANSW-the representation of a government to other governments
-promote national values or interests by peaceful means
-maintaining healthy relationships with other countries
Questions and verified Answers
fiscal policy - ANSW-Regulation of the economy through taxing and spending powers
Humanitarian Policies - ANSW-human rights issues come second to other foreign policy concerns
Public Policy - ANSW-a law, rule, statute, or edict that expresses the government's goals and provides for
rewards and punishments to promote their attainment
Law and Order in a Market Economy - ANSW-provides predictability about basic rules of interaction
-calculable laws
-ensures safety
Monetary Policy - ANSW-Regulation of the economy through manipulation of the supply of money, the
price of money (interest rate) and the availability of credit
Federal Reserve System (Fed) - ANSW-system of 12 federal reserve banks that facilitate exchanges of
cash, check, and credit; regulates member banks; uses monetary policy to fight inflation and deflation
reserve requirement - ANSW-minimum amount of liquid assets and ready cash that the Federal Reserve
requires banks to hold in order to meet depositors demands for their money
Open-market operations - ANSW-The buying and selling of government securities (such as bonds) by the
Federal Reserve System to help finance governmental operations and to reduce or increase the total
amount of money circulating in the economy
Federal Funds Rate - ANSW-the interest rate on loans between banks; the Federal Reserve board uses its
powers to influence this rate (federal funds market)
Treasury Department - ANSW-administration of fiscal policy
-administering and policing income tax and other tax collections
-manage the enormous federal debt
-print currency
entitlement programs - ANSW-social programs that guarantees benefits to a category of people defined
by law
contributory programs - ANSW-Social program financed in whole or in part by taxation or other
mandatory contributions by its present or future recipients (social Security- payroll tax)
noncontributory programs - ANSW-social programs that assist people on the basis of demonstrated need
rather than contributions they have made (public-assistance programs)
reforming social security - ANSW--ratio between contributing workers and retirees has declines
-baby boomers are retiring
-has become youth taking care of old
-we need to increase retirement age and taxes
Medicare - ANSW-National Health Insurance program for the elderly and disabled.
2003 medicare drug benefit - ANSW-signed by Bush and increased program spending
-caused short term financial crisis because it did not increase taxes
goals of national security - ANSW--physical security
, -food supply
-transportation infrastructure
-energy
-cyberspace
cold war - ANSW-the period of struggle between the United States and the former Soviet Union lasting
from the late 1940s to about 1990
-US used containment and deterrence
containment - ANSW-policy designed to limit political and military expansion of a hostile power
-used against the soviet union
deterrence - ANSW-development and maintenance of military strength as a means of discouraging
attack
-used against soviet union
World Trade Organization (WTO) - ANSW-international trade agency that promotes free trade
grew out of the general agreement of tariffs and trade (GATT)- 161 members
North American Free Trade Agreement (NAFTA) - ANSW-agreement between the US, Canada, and
Mexico to lower and eliminate tariffs among the 3 countries
Trans-Pacific Partnership (TPP) - ANSW-US + 11 pacific rim nations lowered tariffs and other trade
barriers throughout the pacific region
-trump withdrew
General Agreement on Tariffs and Trade (GATT) - ANSW-after WWII brought together nations for regular
negotiations designed to reduce barriers to trade that led to the break down of the world economy in
1930's that caused WWII
-World Trade Organization evolved from agreement
National Security Council - ANSW-a presidential foreign policy advisory council composed of the
president, the vice president, the secretary of state, the secretary of defense, and other officials invited
by the president
National Intelligence hierarchy - ANSW-headed by the president
includes security agencies
-Central Intelligence Agency (CIA)
-National Security Council (NSC)
-National Security Agency (NSA)
-Federal Bureau of Investigation (FBI)
Executive Agreement - ANSW-agreement between the president and another country that has the force
of a treaty but does not require the senate's "advice and consent"
-Congress has financial power over executive agreements
-executive-congressional agreements require less than the 2/3 senate vote required for a treaty
Diplomacy - ANSW-the representation of a government to other governments
-promote national values or interests by peaceful means
-maintaining healthy relationships with other countries
