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Sem. 2 Final Gov/Econ
Terms in this set (69)
Party leaders and elected officials who become delegates to the national converntion whitout having to run in primaries or caucuses.
elections to select party nominees in which voters can decide on Election Day whether they want to participate in the Democratic or Republican contests
A meeting of local party members to choose party officials or candidates for public office and to decide the platform.
regulations originating from the executive branch. Executive orders are one method presidents can use to control the bureaucracy.
Polls based on interviews conducted on Election Day with randomly selected voters.
(law) the reduction in severity of a punishment imposed by law
A formal agreement between the U.S. president and the leaders of other nations that does not require Senate approval.
In case of the removal of the President from office or of his dealth or resignation, the vice president shall become president.
Limits presidents to two terms in office
the body of electors who formally elect the United States president and vice-president
Military or political actions carried out in secret to allow the government to deny its role, used when military force is impractical or dangerous.
NSC (Natl. Security Council)
a committee in the executive branch of government that advises the president on foreign and military and national security
1883 law that created a Civil Service Commission and stated that federal employees could not be required to contribute to campaign funds nor be fired for political reasons
Executive Office of the President, "president's administration". it was created by FDR to help president. it is a complex organization of several separate agencies started by most of the president's closet advisors and assistants
Legislative acts declaring, commanding, or prohibiting something.
Adopted in 1977, this act requires that most government meetings be conducted in public and that a notice of such meetings must be posted in advance
a national policy of avoiding involvement in world affairs
The United States Agency for International Development (or USAID) is the US government organization responsible for most non-military foreign aid. An independent federal agency, it receives overall foreign policy guidance from the US Secretary of State.
nuclear, biological, and chemical weapons intended to kill or harm on a large scale
assist citizens of the home nation who are visiting abroad, enforce customs, laws, and help potential visitors or immigrants to the home nation obtain visa applications
Office of Managment and Budget
the executive agency that advises the President on the federal budget
Building housing the offices of the senior members of the EOP and its support staff. Contains Oval Office, Situation Room, Roosevelt Room, and Cabinet Room/
a United States program of economic aid for the reconstruction of Europe (1948-1952)
an American foreign policy opposing interference in the Western hemisphere from outside powers
Let the decision stand; decisions are based on precedents from previous cases
written law enacted by some duly constituted authority, such as a legislature
the lowest federal courts; federal trials can be held only here
Marbury v. Madison
This case establishes the Supreme Court's power of Judicial Review
McCulloch v. Maryland
(JMon) McCulloch, Maryland was trying to tax the national bank and Supreme Court ruled that federal law was stronger than the state law
Idea that the courts determine the boundaries of state and national government rights.
The power of the Supreme Court to review decisions and change outcomes of decisions of lower courts
Philosophy proposing that judges should interpret the Constitution to reflect current conditions and values.
Writ of Certiorari
Order by the Supreme Court directing a lower court to send up the records of a case for review
Constitutional freedoms guaranteed to all citizens
nonverbal communication, such as burning a flag or wearing an armband. The Supreme Court has accorded some symbolic speech protection under the first amendment.
Civil Rights Act of 1964
outlawed discrimination in employment on the basis of race, sex, or religion
the branch of economics that studies the overall working of a national economy
The condition of having unlimited wants, and thus never being satisfied.
a small and inadequate amount
the most desirable alternative given up as the result of a decision
the additional benefit to a consumer from consuming one more unit of a good or service.
the increase or decrease in costs as a result of one more or one less unit of output
-Marginal Benefit versus Marginal Cost
*Rational: want benefit to exceed the cost
a benefit which does not have a financial reward
an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
An economy in which the government decides how economic resources will be allocated
the act of competing as for profit or a prize
Gross Domestic Product- the total market value of all final goods and services produced annually in an economy
controls America's money supply, by controlling the interest rates of banks, also america's central bank
a payment of money (or goods and services) by a government to a household or firm for which the payer receives no good or service directly in return
Banks, savings and loans, credit union, securities brokerages
the increase of goods and services produced by business firms that are using more land, labor, or financial capital
the theological belief that men and women share an equal relationship, with neither subordinate to the other
an independent agency of the United States fedeal government that maintains fair and free competition
Goods and Services sold to other countries
Taxes on imports or exports
Stocks and bonds
any tax in which the rate increases as the amount subject to taxation increases
a tax on employees and employers that is used to fund the Social Security system
a general and progressive increase in prices
a decrease in the general level of prices
Long Term Interest Rates
interest rates on financial assets that mature a number of years in the future
the state of being unemployed or not having a job
an index of the cost of all goods and services to a typical consumer
an exchange-rate system in which a country pegs the international value of the domestic currency to the currency of another nation.
international trade free of government interference
the charge for exchanging currency of one country for currency of another
A foreign exchange rate which is determined by the forces of supply and demand.
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