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63 Cards in this Set

  • Front
  • Back
the security council is the seat of real power in it
the head of the department of state and traditionally a key advisor to the president on foreign policy
secretary of state
an org. whose members include the US, canada, west. europe, turkey and everyone else who agrees that a war against one is a war against all
an alliance which coordinates monetary, trade, immigration and labor policies, making its members one economic unit
european unit
the head of the dep. of defense and the presidents key advisor on military policy
secretary of defense
international organizations, regional organizations, multinational corporations, nongovernmental organizations and individuals
"actors" on the world stage
an agency created to coordinate american intelligence activites abroad
the commanding officers of the armed services who advise the president on military policy
joint chiefs of staff
a foreign policy course whereby the us has tried to stay out of other nation's conflicts
reaffirmed by the monroe doctrine
the ratio of what is paid for imports to what is earned from exports
balance of trade
war by other than military means usually emphasizing ideological conflict, such as that between the us and the su
cold war
benefits given by the govt directly to individuals
transfer payments
a foreign policy strategy that called for the us to isolate the soviet union, "contain" its advances and resist its encroachments by peaceful means if possible, but by force if neccesary
containment doctrine
the feat, prevalent in the 50s that international communism was conspiratorial, insidious, bent on world domination, and infiltrating american govt and cultural institutions
between the us and su whereby one sides weaponry became the other sides goad to procure more waponry and so on
arms race
a slow transformation from conglict thinking to cooperative thiking in foreign policy strategy and policymaking.
it sought a relaxation of tensions between the superpowers with firm guarantees of mutual security
a plan for defense against the su which would create a global umbrella in space, using computers to scan th eskies and high tech devices to destroy invading missiles
strategic defense initiative
mutual dependency, in which the actions of nations reverberate and affect one another's economic lifelines
a special tax added to imported goods to raise the pricek, thereby protecting american businesses and workers from foreign competition
an economic organization, consisting primarily of arab nations, that controls the price of oil and the amount of oil its members produce to sell to other nations
a policy that involves choice taking, like domestic policy, but additionally involves choices about relations with the rest of the world
foreign policy
the policy that describes the impactof the federal budget--taxes, spendint, and borrowing-- on the economy
fiscal policy
is almost entirely determined by congress and the president, who are the budget makers
fiscal policy
the theory emphasizing that government spending and deficits can help the economy weather its normal up and down
keynesian economic theory
proponents of this theory advocate using the power of government to stimulate the economy when it is lagging
keynesian economic theory
an economic theory holding that too much income goes to taxes so too little money is available for purchasing, and the solution is to cut taxes and return purchasing power to consumers
supply-side economics
businesses with vast holdings in many countries that have annual budgets exceeding that of many foreign governments
transnational corporations
a policy designed to ensure competition and prevent monopoly, which is the control of a market by 1 company
antitrust policy
the federal agency assigned the task of approving all food products and drugs sold in the us. all drugs (with the exception of tobacco) must have its approval
food and drug administration (fda)
the independent regulatory agency traditionally responsible for regulating false and misleading trade practices
federal trade commmission (ftc)
it has recently become active in defending consumer interests through its truth-in-advertising rule and the consumer credit protection act.
federal trade commission (ftc)
also known as the wagner act
national labor relations act
guarantees workers the right of collective bargaining, sets down rules to protect unions and organizers, and created the national labor relations board to regulate labor management relations
national labor relations act
negotiations between representatives of labor unions and management to determine pay and acceptable working conditions
collective bargaining
gave the president power to halt major strikes by seeking a court injunction and permitting states to forbid requirements in labor contracts that force workers to join a union
Taft-Hardley act
a state law forbidding requirements that workers must join a union to hold their jobs
right to work law
policies that provide benefits to individuals, particularly those in need
social welfare policies
govt benefits that certain qualified individuals are entitled to by law, regardless of need
entitlement programs
government programs available only to individuals below a poverty line
means-tested programs
the "shares" of the national income earned by various groups
income distribution
the amount of funds collected between any two points in time
the amount of funds already owned
a method used to count the number or poor people, it considers what a family must spend for an "austere" standard of living
poverty line
the increasing concentration of poverty among women, especially unmarried women and their children
feminization of poverty
a tax by which the govt takes a greater share of the income of the rich than of the poor
progressive tax
a tax by which the government takes the same share of income from everyone, rich and poor alike
proportional tax
a tax inwhich the burden falls relaticely more heavily upon low income groups that upon wealthy taxpayers
regressive tax
a "negative income tax" that provides income to very poor individuals in lieu of charging them federal income taxes
earned income tax credit
the proportion of income a partixular group pays in taxes
tax incidence
these may be either cash transfers, such as social security payments and retirement payments to former government employees, or in-kind transfers, such as food stamps and low interest loans for college education
transfer payments
once called "aid to families with dependent children", the new name for public assistance to needy families
temporary assistance to needy families
an organization whose members agree to renounce war and to respect certain human and economic freedoms
they believe that too much cash and credit in circulation produces inflation
the main instrument for making monetary policy in the us. it regulates the lending practices of banks and thus the money supply.
federal reserve system
an economic system in which individuals and corporations, not the govt, own the principal means of production and seek profits
an economic system in which the govt is deeply involved in economic decisions through its role as refulator, consumer, sunsidizer, taxer, employer, and borrower
mixed economy
as measured in the bureau of labor statistics, the proportion of the labor force actively seeking work but unable to find jobs
unemployment rate
the rise in prices for consumer goods
the key measure of inflation that reltaes the rise in prices over time
consumer price index (CPI)
the principle that govt should not meddle in the economy
based on monetarism, the manipulation of the supply of money in private hands by which the govt can control the economy
monetary policy