100 word vocab
Terms
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- constituent
- a person whom a member of congress has been elected to represent
- federal reserve system
- privatly owned,publicity controlled central bank of the unite states
- marginal utility
- the extra usefullnes gained from consuming one more unit of a product
- nullification
- the failure or refusal of a U.S. state to aid in the enforcement of federal laws within its state limits
- self-determination
- the beleif that people in a territory should have the ability to choose their own goverment
- insurrection
- an act of rebbelion against the established goverment
- nuclear proliferation
- the spread of nuclear weapons to new nations
- inflation
- a rise in general level of prices
- consumer price index
- statistic that measures overall changes in price or inflation over time
- political machine
- an organization linked to a political party that often controlled local goverment
- fascism
- a political system headed by a dictator that calls for extreme nationalism and racism and has no tolerense for opposition
- impeachment
- a formal accusation of misconduct in office against a public official
- flexible response
- the biuldup of conventional troops and weapons to allow a nation to fight a limited war without using nuclear weapons
- depression
- a state of the ecomomy with large #'s of unemployment
- scarcity
- the condition that results from limited resources combined with unlimited wants
- containment
- the policy designed to keep the soviet union from expanding its power
- ethnic cleansing
- the expulsion imprisonment or killing of ethnic minorities by a dominant majority group
- liberal
- a person who beleives that the goverment should play an active role in the economy and in social programs but that the goverment should not dictatsocial behaviors
- internationalism
- a national policy of actively trading with foreign countries to foster peace and prosperity
- federalism
- a system in which power is divided between the national and state goverments
- confederacy
- a loose union of independant states
- imperialism
- the actions used by one nation to exersize polotical or economic control over smaller or weaker nation
- multinational corporation
- a large corporation with oversees envestments
- corporation
- an organization requiered by law to carry on an activity but treated as though it were a single person
- gross domestic product
- the $ amount of all final goods and servace products within a country's borders in a year
- supply
- the amount of a product that would be offered for sale at all possible prices that could prevail in the market
- isolationism
- the avoidence of involvment in world affairs
- amnesty
- the act of granting pardon to a large group of people
- communism
- an econamic system in which the central goverment directs all major economic decisions
- conservative
- a person who beleives goverment power should be limited in order to maximize individual freedom
- terrorism
- the use of violence by a non govermental groups againts civilians to achieve a political goal by instilling fear and frightening governments into changing policies
- bilingualism
- the act of teaching immagrant students in their own language
- state sponsered terrorism
- violent acts against civilians that are secretly sponsered by a goverment in order to attack other nations without going to war
- capitalism
- economic system in which private citizens own and use the factors of production in order to generate profits
- consumer sovernty
- the concept that the consumer is the ruler oof the market
- detente
- relaxing of tensions between the united states and its two major communist rivals china and the soviet union
- brinksmanship
- the willingness to go to the brink of war to force an apponent to back down
- segragation
- the seperation or isolation of a race, class, or group
- suffrage
- the right to vote
- deregulation
- relaxation of goverment regulation on industry
- subversion
- a systematic attempt to overthrow a goverment by using persons working secretly from within
- trade off
- alternatives that must be given up when one is chosen over another
- bureacracy
- goverment administrators
- downsizing
- reducing a company in size by l;aying off workers and managers to become more efficient
- tariff
- a tax on an imported good
- elasticity
- a measure of responsevness that tell us how a dependant variabl such as quantity responds to an independant variable such as price