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40 Terms

1
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What did the student experts explain about economic connectedness?

Friendships between lower-income and higher-income people can improve economic mobility by providing opportunities, information, and connections.

2
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What is economic mobility?

The ability to move up or down the income ladder over time.

3
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What did the Harvard economic connectedness map show?

Counties with more friendships across income groups tend to have greater upward economic mobility.

4
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What was King County's approximate economic connectedness figure discussed in class?

About 53%.

5
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What were tariffs traditionally used for?

Economic tools used by governments during trade disputes with other countries.

6
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How did the student expert describe Trump's unusual use of tariffs?

He used tariffs to pressure countries over immigration, border security, and drugs, not just trade disputes.

7
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Why did unpredictable tariffs create problems for businesses?

Companies could not reliably predict costs or make long-term investment decisions.

8
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Which two countries did the student expert connect to tariffs over border security and drugs?

Mexico and Canada.

9
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How many training hours did Washington barbers need according to the student experts?

Approximately 1,000 hours.

10
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How many training hours did Washington EMTs need according to the student experts?

Approximately 178 hours.

11
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Why did the professor find the barber-versus-EMT comparison surprising?

Barbers required substantially more training hours even though EMTs respond to medical emergencies.

12
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What is the Cadillac effect in occupational licensing?

Regulations can force consumers to pay for a higher level of quality than they need, increasing costs.

13
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What are two possible reasons for strict occupational licensing?

Protect consumer safety and quality; also potentially restrict competition and protect existing workers.

14
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Who wrote The Jungle?

Upton Sinclair.

15
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What industry did Upton Sinclair investigate?

Chicago's meatpacking industry.

16
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What two federal laws were associated with the public reaction to The Jungle?

The Meat Inspection Act and the Pure Food and Drug Act of 1906.

17
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What did The Jungle example demonstrate?

Public concern over unsafe business practices can lead to government regulation.

18
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Which two transportation industries did the student experts discuss deregulating?

Airlines and trucking.

19
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Which president led the major airline and trucking deregulation efforts?

Jimmy Carter, with bipartisan support.

20
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What happened to many airline ticket prices after deregulation?

Increased competition lowered many fares.

21
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What was one possible downside of airline deregulation?

Smaller or less profitable communities could lose service.

22
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What is the FTC's role in misleading scientific advertising?

Investigate and challenge deceptive or unsupported advertising claims.

23
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Why are dietary supplements difficult to regulate?

They generally do not require FDA preapproval like drugs, and vague health claims can be difficult to challenge.

24
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What was the Airborne example about?

Health claims suggesting the product prevented illness were challenged as misleading.

25
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What was the main lesson from the fake-science presentation?

Consumers may struggle to identify unsupported health claims, so advertising oversight and accurate information matter.

26
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What is impoundment?

When the president withholds or refuses to spend money appropriated by Congress.

27
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Which president's actions helped lead to the Impoundment Control Act?

Richard Nixon.

28
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What is the basic purpose of the Impoundment Control Act?

Restrict the president's ability to withhold congressionally approved funds without following legal procedures.

29
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Why was impoundment discussed during the Trump administration?

Disputes over withholding approved government funding raised questions about presidential authority.

30
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What is binding arbitration?

A private dispute-resolution process where an arbitrator makes a decision instead of a court.

31
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Why can mandatory arbitration be controversial in sexual harassment cases?

It can prevent employees from taking disputes to court and may keep proceedings private.

32
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What important federal change occurred in 2022 regarding sexual harassment arbitration?

A federal law gave people bringing certain sexual assault or harassment claims the option to avoid predispute mandatory arbitration.

33
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What was affirmative action originally intended to address?

Disadvantages experienced by groups subjected to historical discrimination.

34
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What was the professor's running-race analogy for affirmative action?

One group began the race later; making the rules equal midway did not eliminate the earlier disadvantage.

35
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Did the professor say affirmative action required hiring unqualified applicants?

No. He emphasized preferences among qualified applicants.

36
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What was a plus factor in affirmative action?

Additional consideration given to a qualified applicant from a historically disadvantaged group.

37
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What does DEI stand for?

Diversity, Equity, and Inclusion.

38
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What event in 2020 encouraged many companies to expand DEI programs?

The murder of George Floyd and the resulting public response.

39
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How did the professor describe the change in DEI policies after January 2025?

The Trump administration challenged race-conscious DEI policies, prompting many businesses to reduce or revise programs.

40
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Which retailer did the professor identify as maintaining a strong commitment to inclusion?

Costco.