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Politics Vocab
poltical ideologies and beliefs vocab for quiz
| Term | Definition |
|---|---|
| Political Culture | widely shared political beliefs and values held by citizens of society; For example: individual liberty |
| Civic Duty | the belief that one has a responsibility to be involved in political affairs, such as voting |
| Political Efficacy | a belief that one's voice can affect government policies |
| Individualism | the idea that each person has significance, worth, and rights that exist independently from the government |
| Equality of Opportunity | the principle that each person is guaranteed the same chance to succeed |
| Limited Government | the government is restrained in their lawful use of power and may only exercise those powers assigned to it in the constitution |
| Free Enterprise | an economic system that is based upon private ownership individual initiative, profit, and competition |
| Political Socialization | process by which political views and values are passed on to younger generations |
| Public Opinion | citizens' attitudes about societal and political issues, leaders, and events |
| Poll | a survey of public opinion |
| Random Sample | method of selecting individuals from a population in which each person has an equal probability of being selected |
| Sampling Error | the margin of inaccuracy that results from polling a random sample as opposed to the entire population |
| Exit Polls | polls based on interviews conducted on Election Day with randomly selected voters |
| Political Ideology | a set of beliefs about the role of government and public policy |
| Liberal | ideological view that favors greater government involvement regarding the economy, social welfare, and equality; and progressive view regarding social values |
| Conservative | ideological view that favors limited government involvement, fewer economic regulations, and traditional social values |
| Libertarian | ideological view that favors limited government involvement in all areas, from economic regulations to social values |
| Keynesian Economics | the belief that the government must manage the economy by spending more money when in a recession and cutting spending when there is inflation |
| Supply-Side Economics | the belief that lower taxes and fewer regulations will stimulate the economy |
| Fiscal Policy | managing the economy by the use of tax and spending laws |
| Monetary Policy | managing the economy by adjusting the supply of money and interest rates; responsibility of the Federal Reserve |
| Federal Reserve | this regulatory commission is the central banking system of the United States |
| Mandatory Spending | Spending that has been written into law that the government must pay out each year |
| Discretionary Spending | Spending not required to pay for interest on the national debt or entitlement programs; can be adjusted from year to year |
| Budget Deficit | the annual shortfall between what the government has spent in one year's time and what they have collected in taxes |
| National debt | the total amount the U.S. government owes from the foundation of the country to the present |
| Surplus | an excess in revenue after all expenses have been paid in a fiscal year |
| Entitlements | programs individuals are eligible for when they meet certain pre-established eligibility requirements |