Poli 100 final study guide

Poli 100 final study guide -...

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Chapter 15-Economic and Environmental Policy Public policy process o Political interactions that lead to the emergence and resolution of public  process issues o Three stages Problem recognition Energence of issues Conditions in society become seen as policy problems Interest groups, members of congress, political parties, news  media set policy agenda Most direct influence-president Policy formation Development of a policy for dealing with the problem Policy or program is formulated and adopted Array of actors want a say Most policy problems intertwines with other problems and issues  and cant be resolved without taking them into account Policy analyst Formation takes place through system of divided powers Most policies enacted by congress are the product of bargaining  and compromise Policy implementation Policy is put into effect and evaluated Responsibility rests with bureaucrats Open-ended process Policy evaluation Government as regulator of the economy o Economy -system of production and consumption of goods and services  that are allocated through exchange o Laissez-faire economics -private individuals and firms should be  allowed to make their own production and distribution decisions o Mixed economies -center on private firms and transactions and assign  substantial role to government o Regulation -US firms operate within the constraint of government  regulation, which is designed to promote either economic efficiency or  equity o Efficiency through government intervention Efficiency -relationship of inputs to outputs. The greater the output,  the more efficient the production process Fulfillment of as many of society’s needs as possible at the cost of  as few of its resources as possible Equity -outcome of an economic transaction is fair to each party Preventing price fixing
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Regulatory activity protects consumers by preserving market  competition Making business pay for indirect costs Externalities -unpaid costs (pollution) Deregulation Government unnecessarily increases the cost of doing business
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This note was uploaded on 12/10/2010 for the course POLI 100 taught by Professor Rabinowitz during the Spring '07 term at UNC.

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Poli 100 final study guide -...

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