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Vocabulary flashcards related to Chapter 16 – Domestic Policy.
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Public Policy
A stable, purposive set of government actions that addresses broad societal concerns.
Private Bills
Benefit individuals or small groups and are not considered public policy.
Policy as Formal Expression
Formal expression of government intent, like legislation, executive orders, and court decisions.
Bureaucratic Implementation
Officials often lack detailed expertise but provide technical guidance and enforcement.
Private Goods
Can be owned by a person or group, excluding others from use.
Free-Market Economics
Market forces of supply and demand with government intervention; effective for markets.
Libertarians
Believe in minor government intervention.
Public Goods (Collective Goods)
Not excludable and are infinite.
Common Goods
Not excludable but may be finite.
Tragedy of the Commons
Individuals exhaust a common resource by acting in their own self-interest.
Toll Goods
Open to the public but with a price
Distributive Policy
Diffuse costs and concentrated benefits, funded by taxpayers, benefiting specific groups.
Regulatory Policy
Concentrated costs and diffuse benefits; restricts behaviors to benefit the broader public.
Redistributive Policy
Concentrated costs and benefits transferring wealth from wealthier to poorer segments.
Social Welfare Policy
Designed to prevent democratic instability due to poverty and provide economic stimulus.
Social Security
Provides income to elderly, disabled, and survivors; funded by payroll tax.
Medicare
Provides healthcare to seniors and retirees; funded by payroll taxes.
Medicaid
Health insurance for low-income individuals; joint federal-state program.
Policy Advocates
Driven by goals, justice, morality, personal or group benefits to influence policy.
Policy Analysts
Objective evaluation of policy options and impacts to inform decision-makers.
Agenda Setting
Problem Identification Alternative Specification.
Policy Enactment
Decision-making by elected branches.
Policy Implementation
Administered by government agencies.
Top-down Implementation
Uniform implementation.
Bottom-up Implementation
Local flexibility.
Policy Evaluation
Assessing 'How well did this policy do what designed to do?'
Laissez-Faire Economics
Minimal government interference; views recessions as self-correcting cycles.
Keynesian Economics
Emphasizes government spending to stimulate consumption to correct deep recessions.
Supply-Side Economics
Emphasizes production over consumption; advocates for reduced taxes and regulation.
Mandatory Spending
Earmarked for entitlement programs guaranteed to those who meet qualification.
Discretionary Spending
Congress must pass legislation to authorize money to be spent each year.
Progressive Taxes
Higher-income individuals taxed at higher rates to supports consumer spending.
Regressive Taxes
Lower-income individuals pay a higher share of income; designed to protect investment incentives.
Public Policy Defined
A stable, purposive set of government actions.
Public Policy As Outcomes
Legislation, Executive orders, Court decisions, Bureaucratic Implementation.
Retirement Benefits
Benefits based on lifetime earnings Survivors can also qualify
Disability Benefits
For workers unable to work for 12+ months
Supplemental Security Income
For low-income elderly or severely disabled individuals
Governmental Analysis
Examples of Analysts: Think Tanks.
Keynesian Tax Preference
Progressive Taxes.
Supply-Side Tax Preference
Regressive Taxes.