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Politics Vocab

poltical ideologies and beliefs vocab for quiz

TermDefinition
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
Created by: lesley_j
Popular American Government sets

 

 



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