A | B |
Free Exercise Clause | 1st Amendment clause that protects the individual's right to freedom of conscience and free expression of religious beliefs |
reprieve | To postpone or cancel the punishment of. |
rider | A clause, usually having little relevance to the main issue, that is added to a legislative bill |
increasing marginal returns | stage where more workers are added and cooperate with each other to make better use of equipment |
diminishing marginal returns | stage where output increases at a decreasing rate as more units of variable output are added |
demand curve | a graph showing the quantity demanded at each and every price that might prevail in the market |
elasticity of demand | a measure od the responsiveness that shows how a change in quantity (dependent varible)responds to a change in price (independent variable) |
marginal cost | extra cost of producing one additional unit of production |
market supply schedule | listing of various quantities of a particular product supplied at all possible prices in market |
substitute | competing products can be used in place of one another |
amnesty | a blanket pardon offered to a group of law violators |
commutation | power to reduce or commute the length of asentence or fine for a crime |
balance the ticket | when presidential canidate choses a running mate to strengthen their chances of being elected |
executive ticket | ??????????? |
chief executive | term for President as VESTED with executive power |
recoginition | exclusive power of the President to recognize and establish formal diplomatic relations with foreign states |
direct tax | a tax that must by paid by the person on whom it is levied |
winner-take-all | almost obsolete system where one who wins prefernence vote in primary automatically wins nomination and all delegates |
legal tender | fiat currency that must be accepted for payment by decree of gov't |
liberal constructionist | one who argues a BROAD interpretation of the provisions of the Constitution |
strict constructionist | one who argues a NARROW interpretation of the Constitution's previsions |
indirect tax | a tax levied on one party but passed on to be paid by another |