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49 Cards in this Set
- Front
- Back
This organization is the central banking system of the US |
The Fed |
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The biggest entitlement program is |
Social Security |
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The process of negotiation labor contracts is called |
Collective bargaining |
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The yearly sum goods and products produced in a country is called the |
Gross national product |
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The chief way of the federal government raises revenue is from |
Individual income taxes |
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The federal government supplies all the following to businesses except |
Freedom from regulations |
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Beginning in the 1930s the US had an unbalanced budget or |
Deficit |
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This office is responsible for preparing the national budget |
OMB |
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This is a hands-off approach to the economy |
Laissez-faire |
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The power to raise revenue and pass approach is the power of |
Congress |
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Expenditures required by law or those from previous budgeting commitments are |
Uncontrollables |
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This agency performance market research for farmers |
Agricultural Marketing service |
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This law was created to force presidents and Congress to work together to reduce federal budget deficits |
Gramm Rudman Hollings Act |
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The IRS checks some tax returns more carefully than others during |
Audits |
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Employers subtract blank from their employees wages to pay their anticipated taxes |
Withholding |
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Social insurance taxes are examples of blank taxes which require a larger portion of the lower-income than of higher-income |
Regressive |
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Blank operations by the federal such as buying bonds and securities help to expand the economy |
Open market |
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This is a health insurance program for low-income families |
Medicaid |
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This exists when a few firms dominate a particular industry |
Oligopoly |
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The blank GNP is the sum of goods and services produced in the nation in a year |
Gross national product |
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A 12-month accounting period is called a |
Fiscal year |
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This is a court order that prevents in action from taking place |
Injunction |
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The Interstate Commerce Act of 1887 established the FED government's first blank agency |
Regulatory |
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An individual's total income minus certain deductions and personal exemptions is called the blank |
Taxable income |
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This expenditures are benefits Congress has provided 2 individuals |
Entitlements |
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This regionals secunty pact was developed by the US and Western Europe |
NATO |
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The Constitution reserved for the states the right to control this area |
Public education |
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Supervisor of the Diplomatic activities of the US is the |
Secretary of State |
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This way the federal government's first entry into transportation |
National Road |
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The FED housing Administration Insurance blend in the cell as low and middle-income families to buy their own homes |
Mortgages |
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To Halt the spread of Communism the US created this policy |
Containment |
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The service and the Department of Agriculture has restored millions of acres of land for use in outdoor recreation timbering and Wildlife |
The forest service |
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Visitors to the US must obtain |
Visa |
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The Head of the State Department is the |
Secretary of State |
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During the Civil War the u.s. first used |
Conscription |
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The FDA must protect the public from dangerous substances and approves new medicines for distribution |
Food and Drug Administration |
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Foreign policy is decided by |
The president |
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The blank plan pays a major share of the total hospital bills for millions of senior citizens |
Medicare |
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Nations that become allies under these agreements agreed to support each other in case of attack |
Mutual defense alliances |
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Subways commuter railroads and bus lines are part of the |
U.s. mass transit system |
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All 18 year old males in this country must |
Register for the draft |
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This eliminates competition among business |
Monopoly |
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This term means protecting us borders and territories against invasion |
Nation security |
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In times of moral crisis the president's foreign policies have received blank or two party support from Congress |
Bipartisan |
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This is an agreement between the US and Latin America |
Rio Pact |
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The 1973 1974 energy crisis made US citizens more aware of |
Ecology |
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This program helps rebuild cities |
Urban renewal |
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Officials who are assigned to serve aboard and foreign countries belong to the branch of State Department called the |
Foreign policy |
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To be involved in world affairs is to have this philosophy |
Internationalism |