Answers (Expert-Graded A+) |
Latest Edition
1. How is a political party different from an interest group? - ANSWER
political parties seek to win elections, while interest groups seek to influence
public policy
2. What were the first two parties in the United States? - ANSWER The
Federalists and the Republican-Democratic Party
3. Texas is a strongly Republican state at this time. How do we know that? -
ANSWER By 2000, Republicans held all statewide offices
4. When and how was the Democratic Party founded? - ANSWER It began
around 1800 or 1824 and founded to form a new party to elect Andrew
Jackson
5. tax base - ANSWER income, property, good, or service that is subject to a
tax
6. Interventionism - ANSWER Direct involvement by one country in another
country's affairs
7. agenda setting - ANSWER process through which a
policy and the problem it is intended to address are acknowledged to be of
public interest.
,8. keynes vs hayek - ANSWER -keynes; pro government
-hayek; government involvement makes things worse
9. food stamps program - ANSWER a government program that helps low-
income people buy food
10.good neighbor policy - ANSWER President Franklin Roosevelt's policy
intended to strengthen friendly relations with Latin America
11.relationship between US & cuba post-1902 - ANSWER -gave lower tariffs
-gave trade preferences
-US overthrew their government
12.foreign policy powers - ANSWER Framers want to restrict powers in
legislative and executive branches
13.subprime housing crisis - ANSWER Occurred when banks sold too many
mortgages to feed the demand for mortgage-backed securities sold through
the secondary market
14.drug legalization - ANSWER Four main issues:
-Which drugs should be legal/decriminalized?
Age limit for consumers?
-How should drugs be distributed (Licensed outlets/Government stores)?
-What should be the prices and taxes on drugs?
, 15.flat tax - ANSWER -everyone pays the same rate regardless of income level
-A tax that is neither progressive nor regressive
16.isolationism - ANSWER -a national policy of avoiding participation in
foreign affairs (to a degree)
17.bogotazo - ANSWER -setting buildings on fire
-starts civil war
-Riots after Jorge Eliécer Gaitán's assassination in Bogota
18.dollar diplomacy - ANSWER The use of a country's financial power to
extend its international influence
19.gov’t revenues - ANSWER Most comes from income taxes
20.fiscal policy - ANSWER A tool of economic management by which
government can attempt to maintain a stable economy through its taxing and
spending policies.
21.demand side economics - ANSWER A form of fiscal policy that
emphasizes "demand (consumer spending)"
22.supply side economics - ANSWER A form of fiscal policy that emphasizes
"supply" (production)
23.federal reserve - ANSWER -the country's central bank, which executes
monetary policy by manipulating the supply of funds that members