Posi 2320 exam 1 - Study guides, Class notes & Summaries

POSI 2320 Exam 1 Pure Capitalist Economy - ANSWER--private individuals and companies own the modes of producing goods/servies -government does NOT enact laws aimed at influencing the marketplace Regulated Capitalist Economy - ANSWER--government enacts policies to influence the health of economy -what the USA has Laissez Fare - ANSWER--hands-off stance of a government in regard to the marketplace -Adam Smith, "Wealth of Nations;" invisible hand George Washington; 1789 - ANSWER-Wh...

Posi 2320 Exam 1 Ben Arnold What is public policy? - ANSWER-whatever government chooses to do or not to do What is ideology? - ANSWER-An individual's coherent set of values and beliefs about the purpose and scope of government. What do conservatives tend to believe? - ANSWER-That government is best that governs the least and big government can only infringe on individual, personal, and economic rights. What do liberals tend to believe? - ANSWER-Favor extensive governmental involveme...