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19 Cards in this Set
- Front
- Back
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Tyranny
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A society in which leaders abuse their power
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Fundamental principles of representative democracy
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Popular sovereignty, political equality, political liberty
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Popular sovereignty
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government does the peoples bidding,
gov't leaders selected in competitive elections, elections are free and fair, people participate in politics, majority rule, and high-quality information available |
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People enter into a social contract
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because the government upholds basic liberties including freedom of speech, association, and conscience
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Constitution
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The basic framework of the law which describes how the government should function
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Publius
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Hamilton, Madison, and John Jay
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Republicanism
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a political doctrine advocating limited government based on popular consent, protected from majority tyranny
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Grants-in-aid
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Funds from national gov't to state and local gov'ts to help pay for programs created by the national gov't
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Categorical Grants
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Clearly specified prerequisites for aid
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Block Grants
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Used for general activities
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General revenue sharing
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aid with no prerequisites
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Economic Goals
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Raise GDP
Lower unemployment lower inflation lower national debt |
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Fiscal policy
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Government efforts to affect the supply of money and the level of interest rates in the economy
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Monetary Policy
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Government efforts to affect the supply of money and the level of interest rates in the economy (Federal Reserve Board)
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Welfare
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Means-tested program: TANF (cash assistance), healthcare, food stamps, housing
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Regulation
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the issuing of rules by gov't agencies with the aim of reducing the scale of negative externalities produced by private firms
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Social Investment Insurance
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Gov't programs that provide services or income support in proportion to the amount of mandatory contributions made by individuals to a gov't trust fund ex. SS and Medicare
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Means-tested programs
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meet the criterion of demonstrable need
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Social Security
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Old Age, Survivors, and Disabililty insurance; Frederal Insurance Contributions Act (FICA)
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