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Economic Policies

Word List with 41 words
*By Dictionary.com

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Words in This List

antitrust legislation
noun
laws passed to prevent large business corporations from forming monopolies to restrict competition
closed shop
noun
workplace where union membership is a condition of being hired and remaining employed
collective bargaining
noun
process of a union negotiating wages, hours, rules and conditions for the employees it represents
congressional budget office
noun
agency which analyzes presidential budget recommendations and estimates cost of proposed legislation
deficit
noun
amount by which the government's expenditures exceed its income
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deregulation
verb
policy which promotes cutting back on federal regulations imposed on certain economic activities
distributive policy
noun
government efforts to spread benefits to some portion of the population
environmental impact statement
noun
communication on how projects using federal funds affect the environment
excise tax
noun
consumer tax on a specific goods
federal reserve system
noun
national banking system with power to control credit and the flow of money
fiscal policy
noun
government spending practices to influence economic conditions
general agreement on tariffs and trade
noun
international organization formed to establish rules governing tariffs and trade
inflation
noun
persistent substantial rise in the level of prices related to an increase in the volume of money
iron triangle
noun
policy-making ties among a congressional committee, an interest group and a federal agency
issue network
noun
relationships among interest groups, lawmakers and government agencies with common policy concerns
keynesian economics
noun
economic theory advocating government intervention in the marketplace and monetary policy
labor injunction
noun
court order prohibiting labor actions which could harm the rights and property of an employer
laissez-faire economics
noun
policy advocating minimal government interference in economic affairs
monetarism
noun
doctrine holding that changes in money supply determine the direction of a nation's economy
monetary policy
noun
process a monetary authority uses to control money supply and interest rate, influencing the economy
monopoly
noun
exclusive control of a commodity or service in a market
national debt
noun
amount government has borrowed to pay for deficit spending
north american free trade agreement
noun
deal among the United States, Canada and Mexico which created the largest trade bloc
off-shoring
verb
transferring a company's business aspect from the U.S. to another country
office of management and budget
noun
executive staff agency that advises the President on the federal budget
policy agenda
noun
issues which Congress and the president consider important to take action over
progressive tax
noun
system which imposes a larger tax on high-income taxpayers than it does on low-income taxpayers
protectionism
noun
fostering domestic industry by protecting them from foreign competition through duties on imports
public policy
noun
actions by the government to achieve a public goal
redistributive policy
noun
policy of taking benefits from one group of people and giving them to another
regressive tax
noun
system which imposes a larger tax on low-income taxpayers than high-income ones
regulation
noun
rule prescribed by authority to regulate conduct
rule
noun
formal order for governing a procedure
sales tax
noun
tax on receipts from sales, usually added to the selling price by the seller
tariff
noun
list of duties imposed by a government on imports and exports
tax expenditure
noun
reduction in government revenue through preferential tax treatment, such as deductions or credits
trade deficit
noun
imbalance caused when the value of imports surpasses the value of exports
unemployment
noun
number of people without a job
union shop
noun
workplace where employment conditions are set by agreement between the employer and a labor union
value-added tax
noun
excise tax based on the value added to a product at each stage of production
world trade organization
noun
group which promotes free international worldwide

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