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PLS Test #4
n/a
15
Political Studies
Undergraduate 2
11/15/2012

Additional Political Studies Flashcards

 


 

Cards

Term
Antitrust law
Definition
A law that prohibits anti-competitive behavior (monopolization) and unfair business practices. These laws are intended to encourage competition in the marketplace.
Term
Fair Labor Standards Act (1938)
Definition
A maximum 44-hour seven-day workweek, established a national minimum wage, guaranteed 'time-and-a-half' for overtime in certain jobs, and prohibited most employment of minors (age).
Term
Wagner Act (1935)
Definition
A federal law that protects the rights of employees in the private sector to engage in concerted activity. This may include creating labor unions (also known as trade unions), discussing organizing and workplace issues among coworkers, engaging in collective bargaining, and taking part in strikes and other forms of protected concerted activity in support of their demands.
Term
Tariffs
Definition
A tax imposed on imports or exports (trade tariff) in and out of a country
Term
Inflation
Definition
Is a rise in the general level of prices of goods and services in an economy over a period of time.
Term
Federal Reserve System
Definition
Is the central banking system of the United States.
Term
Interest rate
Definition
Is the rate at which interest is paid by borrowers for the use of money that they borrow from a lender
Term
Progressive Tax
Definition
People with more income pay a higher percentage of that income in tax than do those with less income.
Term
Regressive tax
Definition
Is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases.
Term
Flat tax
Definition
Is a tax system with a constant marginal rate, usually applied to individual or corporate income.
Term
Entitlements
Definition
Is a guarantee of access to benefits based on established rights or by legislation.
Term
Supplemental Nutrition Assistance Program (SNAP)
Definition
A.K.A. Food stamps
Term
What is China's stance on it's rise?
Definition
Peaceful Rise (They just want to get rich)
Term
General Assembly
Definition
The "Congress" version at the Missouri level.
Term
Missouri plan
Definition
Three steps:
First: Commission recommends three names
Second: Gov. picks a person from the three names
Third: After judge has served for a year their name is put on the ballet to be reappointed or not
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