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49 Cards in this Set

  • Front
  • Back

This organization is the central banking system of the US

The Fed

The biggest entitlement program is

Social Security

The process of negotiation labor contracts is called

Collective bargaining

The yearly sum goods and products produced in a country is called the

Gross national product

The chief way of the federal government raises revenue is from

Individual income taxes

The federal government supplies all the following to businesses except

Freedom from regulations

Beginning in the 1930s the US had an unbalanced budget or

Deficit

This office is responsible for preparing the national budget

OMB

This is a hands-off approach to the economy

Laissez-faire

The power to raise revenue and pass approach is the power of

Congress

Expenditures required by law or those from previous budgeting commitments are

Uncontrollables

This agency performance market research for farmers

Agricultural Marketing service

This law was created to force presidents and Congress to work together to reduce federal budget deficits

Gramm Rudman Hollings Act

The IRS checks some tax returns more carefully than others during

Audits

Employers subtract blank from their employees wages to pay their anticipated taxes

Withholding

Social insurance taxes are examples of blank taxes which require a larger portion of the lower-income than of higher-income

Regressive

Blank operations by the federal such as buying bonds and securities help to expand the economy

Open market

This is a health insurance program for low-income families

Medicaid

This exists when a few firms dominate a particular industry

Oligopoly

The blank GNP is the sum of goods and services produced in the nation in a year

Gross national product

A 12-month accounting period is called a

Fiscal year

This is a court order that prevents in action from taking place

Injunction

The Interstate Commerce Act of 1887 established the FED government's first blank agency

Regulatory

An individual's total income minus certain deductions and personal exemptions is called the blank

Taxable income

This expenditures are benefits Congress has provided 2 individuals

Entitlements

This regionals secunty pact was developed by the US and Western Europe

NATO

The Constitution reserved for the states the right to control this area

Public education

Supervisor of the Diplomatic activities of the US is the

Secretary of State

This way the federal government's first entry into transportation

National Road

The FED housing Administration Insurance blend in the cell as low and middle-income families to buy their own homes

Mortgages

To Halt the spread of Communism the US created this policy

Containment

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

Visitors to the US must obtain

Visa

The Head of the State Department is the

Secretary of State

During the Civil War the u.s. first used

Conscription

The FDA must protect the public from dangerous substances and approves new medicines for distribution

Food and Drug Administration

Foreign policy is decided by

The president

The blank plan pays a major share of the total hospital bills for millions of senior citizens

Medicare

Nations that become allies under these agreements agreed to support each other in case of attack

Mutual defense alliances

Subways commuter railroads and bus lines are part of the

U.s. mass transit system

All 18 year old males in this country must

Register for the draft

This eliminates competition among business

Monopoly

This term means protecting us borders and territories against invasion

Nation security

In times of moral crisis the president's foreign policies have received blank or two party support from Congress

Bipartisan

This is an agreement between the US and Latin America

Rio Pact

The 1973 1974 energy crisis made US citizens more aware of

Ecology

This program helps rebuild cities

Urban renewal

Officials who are assigned to serve aboard and foreign countries belong to the branch of State Department called the

Foreign policy

To be involved in world affairs is to have this philosophy

Internationalism