5 Written Questions
5 Matching Questions
- consumption tax
- social-welfare policy
- a A tax on spending, or on the difference between what people earn and what they save, regardless of how much they earned.
- b All government actions that are undertaken to give assistance to specific groups, such as the aged, the ill, and the poor
- c A political policy of noninvolvement in world affairs.
- d A policy of building up military strength for the purpose of discouraging military attacks by other nations; the policy of "building weapons for peace" that supported the arms race between the United States and the Soviet Union during the Cold War.
- e A position of not being aligned with either side in a dispute or conflict, such as a war.
5 Multiple Choice Questions
- A group of dependent nations that are under the rule of a single imperial power.
- A monetary policy that involves stimulating the economy by expanding the rate of growth of the money supply. An easy-money policy supposedly will lead to lower interest rates and induce consumers to spend more and producers to invest more.
- The total amount of money that the national government owes as a result of borrowing; also called the national debt.
- Public policy concerning issues within a national unit, such as national policy concerning welfare or crime.
- In international relations, an action involving more than one side or nation.
5 True/False Questions
drug court → A court in which persons convicted of violating certain drug laws are ordered to undergo treatment in a rehabilitation program as an alternative to serving time in a jail or prison.
détente → A policy of building up military strength for the purpose of discouraging military attacks by other nations; the policy of "building weapons for peace" that supported the arms race between the United States and the Soviet Union during the Cold War.
weapons of mass destruction (WMDs) → A phrase referring to the assumption, on which the policy of deterrence was based, that if the forces of two nations are equally capable of destroying each other, neither nation will take a chance on war.
policymaking process → The group of Eastern European nations that fell under the control of the Soviet Union following World War II.
monetary policy → Actions taken by the Federal Reserve Board to change the amount of money in circulation so as to affect interest rates, credit markets, the rate of inflation, the rate of economic growth, and the rate of unemployment.