| A | B |
|---|
| libel | false and malicious use of PRINTED words |
| executive agreement | pact made by the President directly with the head of a foreign state; a binding internetional agreement WITH FORCE of THE LAW, but UNLIKE TREATY DOES NOT require Senate consent |
| guarantee of association | to pay claims on a timely basis with no excessive delays and to help relieve the financial burden placed on claimants when insurance companies fail |
| treaty | a formal agreement between two or more sovereign states |
| commutation | power to reduce or commute the length of a sentence or fine for a crime |
| quorum | least no. of members that must be preset for a legislative body to conduct business; majority |
| discharge petition | proceedure enabling members to force a bill that has been PIGEONholed in committee ONTO THE FLOOR for consideration |
| resolution | a measure relating to the business of either house: DOES NOT have force of the law; DOES NOT require President's signature |
| subsidy | gov't payment to encourage or protect certain economic activity |
| supply schedule | listing of various quantities of a particular product supplied at all possible prices in market |
| marginal revenue | extra revenue from the sale of one additional unit of output |
| excise tax | a tax on the manufacturing or sale of selected items like gas & liquor. It is the 5th largest source of gov't revenue. |
| substitution effect | an increase in price of one good causes a buyer to buy more of the other good, since the first good has become relatively expensive, and vice versa. |
| law of supply | principal that more will be offered for sale at high prices than at low |
| complement | products that increase the use of other products |
| total revenue | total monies earned by a firm by the sale of its product |
| Executive Article | Article II of the Constitution establishes Presidency; gives executive power of Federal Gov't to President |
| symbolic speech | expression by conduct; communicating by facial expressions, body language, carrying a sign, wearing an armband |
| filibuster | long speeches aimed at defeating a billby preventing a final vote in legislative body |
| party caucus | a closed meeting of a Party's House or Senate members; "a party conference" |
