UNT PSCI 2305 Exam 3 Review Questions with correct Answers
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UNT PSCI 2305 3
Institution
UNT PSCI 2305 3
UNT PSCI 2305 Exam 3 Review
public policy - Answer- A choice that government makes in response to a political issue. A policy is a course of action taken with regard to some problem.
Iron Triangle - Answer- A close relationship between an agency, a congressional committee, and an interest gro...
UNT PSCI 2305 Exam 3 Review
public policy - Answer- A choice that government makes in response to a political
issue. A policy is a course of action taken with regard to some problem.
Iron Triangle - Answer- A close relationship between an agency, a congressional
committee, and an interest group
surplus - Answer- A situation in which quantity supplied is greater than quantity
demanded
Recession - Answer- period of reduced economic activity
tax burden - Answer- a measurement of taxes paid as a proportion of income
distributive policy - Answer- A type of policy that provides benefits to all Americans.
fiscal policy - Answer- A government policy for dealing with the budget (especially
with taxation and borrowing)
budget - Answer- A policy document allocating burdens (taxes) and benefits
(expenditures).
economic regulation - Answer- government regulation of business practices, industry
rates, routes, or areas serviced by particular industries
Stakeholders - Answer- All the people who stand to gain or lose by the policies and
activities of a business and whose concerns the business needs to address.
redistributive policy - Answer- A type of policy that takes benefits (usually through
taxes) from one group of Americans and gives them to another (usually through
spending).
monetary policy - Answer- Government policy that attempts to manage the economy
by controlling the money supply and thus interest rates.
debt - Answer- something, typically money, that is owed or due
social regulation - Answer- government regulation aimed at improving health and
safety
Isolationism - Answer- A policy of nonparticipation in international economic and
political relations
Regulatory Policy - Answer- policy that results in government control over individuals
and businesses. Examples include protection of the environment and consumer
protection
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