| A | B |
|---|
| Institutions of government (Brought to you by RICKY) | Congress ----(the legislature of the United States government), The Presidency ----(the office and function of president), The Bureaucracy ----(a group of inelected officials who produces procedures, protocols, and sets of regulations in place to manage activity), The Judiciary ----(the court system which gives rulings in the name of justice) |
| Groups that Influence the Government (Brought to You By RICKY) | Public Opinion ----(the attitude of the people. Polls usually show what the public thinks on certain subjects), The Mass Media ----(includes national news as well as local news networks. Blogs and internet resources has increased the power of the mass media and more people are able to receive the news quicker) Researchers ----(they are scholars who study and interpret the American political experience), Demonstrators ----( they demonstrate peacefully and/or violently depending on the group. They are important since they quickly capture the attention of Congressmen and Congresswomen and can persuade an indecisive legislator to vote their way) |
| Fiscal Policy (Brought to you by RICKY) | (the use of taxes and expenditures to affect the economy), Congress Creates the Nation's Fiscal Policy. Congess-----(A) approves taxes and expenditures,--------(B) Consents to wage and price control, ---------(C) Can Alter Federal Policy by threatening to reduce its powers |
| Systems Of Taxes | Progressive -----(ie. Income Tax)------(Tax rate where if you make more, you pay more), Regressive -------(ie. sales tax, gas and cigarette tax)----(A Tax that is equal and applies to every one. It harms low income people by taking a larger percentage than from high-income people) Proportional --------------(Same % for Everyone) |
| WTO (World Trade Organization) | International organization desgined to supervise and make international trade more free. Deals with trade regulation between countries, it's a framework for negotiating and making trade agreements formal. |
| GATT (General Agreement on Tariffs and Trade)) | It was replaced by the WTO. It only lasted until around 1994. It's still in effect under WTO framework. |
| Protectionism | an economic policy that restrains trade between states; like tariffs on imported goods. It prevents foregin takeover of native markets. |
| NAFTA (North American Free Trade Agreement) | passed in 1993 by Congress. It ended tariffs on commerce with Canada and Mexico. Government suggested free trade with Latin America, but critics opposed it. |
| Regulatory policy | government intervenes in the natural workings of the markets.The government intervenes when the market begins to fail, risk of the monopoly, is a public good, or unseen externalization. Regulations are also justified through collective desires, social subordination, irreversibility, and interest groups. |
| Means: congress creates Independent Regulatory Agencies | independent regulatory agency is a regulatory agency that is independent from other branches or arms of the government that is responsible for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity. |
| Economic Regulations - ICC, FCC, FTC, FDA, FAA | Its principal mission is the promotion of consumer protection and prevention of what regulators perceive to be harmfully "anti-competitive" business practices, such as coercive monopoly. The Food and Drug Administration is an agency of the United States Department of Health and Human Services, one of the United States federal executive departments, responsible for protecting and promoting public health. |
| Social Regulations – EPA, OSHA, ATF, CPSC, EEOC | The U.S. Environmental Protection Agency is an agency of the federal government of the United States that protects human health and the environment, by writing and enforcing regulations based on laws passed by Congress. Occupational Safety and Health Administration prevents work-related injuries, illnesses, and occupational fatality by issuing and enforcing standards for workplace safety and health. Bureau of Alcohol, Tobacco, Firearms and Explosives is responsible for the investigation and prevention of federal offenses involving the unlawful use, manufacture, and possession of firearms and explosives, acts of arson and bombings, and illegal trafficking of alcohol and tobacco products. Equal Employment Opportunity Commission investigates discrimination complaints based on an individual's race, color, national origin, religion, sex, age, disability and retaliation for reporting and/or opposing a discriminatory practice. |
| Bureaucracies are often “captured” by industries they regulate. | Bureaucracies often get “captured” by industries when the rules that the bureaucracies place are bend in a legal way. |
