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26 Cards in this Set

  • Front
  • Back
effective tax rate
actual percentage of a person's income that is spent to pay taxes
entitlement programs
any individual benefit program such as social security that require government to provide a designated benefit to any person who meets the legally defined criteria for eligibility
equality of opportunity
idea that all individuals should be given an equal chance to succeed on their own
in-kind benefit
government benefit that is a cash equivalent such as food stamps or rent vouchers this form of benefit ensures that recipients will use public assistance in a specified way
means test
requirement that applicants for public assistance demonstrate that they are poor in order to be eligible for the assistance
negative government
philosophical belief that govt governs best by staying out of peoples lives thereby giving individuals as much freedom as possible to determine their own pursuits
positive government
belief that govt intervention is necessary in order to enhance personal liberty when individuals are buffeted by economic and social forces beyond their control
poverty line
annual cost of a thrifty food budget for an urban family of four multiplied by 3 to allow for the cost of housing clothes and other necessities.
public assistance
social welfare programs funded through general tax revenues and available only to financially needy. Established by a means test
social insurance
social welfare programs based on the insurance concept so that individuals must pay into the program in order to be eligible to receive funds from it
transfer payments
govt benefit that is given directly to an individual as in the case of social security payments to a retiree
bipolar(power structure)
a power structure dominated by two powers only as in the case of the US and the Soviet Union during the cold war
cold war
lengthy period after WWII when the US and the Soviet Union were not engaged in actual combat but were nonetheless locked in a state of deep-seated hostility
containment
doctrine developed after WWII based on the assumptions that the Soviet Union was an aggressor nation and tat only a determined US could block Soviet territorial ambitions
deterrence policy
idea that nuclear war can be discouraged if each side in a conflict has the capacity to destroy the other w/ nuclear weapons
economic globalization
increased interdependence of nations economies the change is a result of technological transportation and communication advances that have enabled firms to deploy their resources around the globe
free-trade position
view that the long-term economic interests of all countries are advanced when tariffs and other trade barriers are kept to a minimum
internationalist
person who holds the view that the country should involve itself deeply in world affairs
isolationist
person who holds the view that the country should deliberately avoid a large role in world affairs and instead concentrate on domestic concerns
military-industrial complex
the three components( the military establishment the industries that manufacture weapons and the members of Congress from states and districts that depend heavily on the arms industry that mutually benefit from a high level of defense spending
multilateralism
situation in which nations act together in response to problems and crises
multinational corporations
Business firms with major operations in more than one country
preemptive war doctrine
idea espoused by George Bush that the US could attack a potentially threatening nation even if the threat had not yet reached a serious and immediate level
protectionism
view that the immediate interests of domestic producers have a higher priority than free trade between nations
unilateralism
situation in which one nation takes action against another state or states
unipolar(power structure)
power structure dominated by single powerful actor as in the case of the US after the collapse of the Soviet Union