| A | B |
|---|
| Arraignment | Court hearing when a fefendant issues their plea of guilty or not-guilty. |
| Plea Bargaining | Process where a defendent agrees to plead guilty in order to recieve a lighter punishment. |
| Prosecution | The people who represent the govt. in a criminal case. |
| Cross Examination | Questioning of a witness by the attorney on the opposing side with the intent of discrediting that witnesses testimony |
| Juveniles | People who are not yet of age to be considered an adult. |
| Scarcity | Idea that there is not enough of a product for everyone to have and this fact causes goods to have a price that determines who is willing to pay for the product. |
| Price | Value assigned to a product according to the forces of supply and demand for that product. |
| Law of Supply | Economic idea that suppliers will supply more of a product as the price for that product increases. |
| Law of Demand | Economic idea that buyers will demand more of a product as price decreases. |
| Market Price | Point where the supply curve and the demand curve intersect, creating the value of a product. |
| Shortages | Situation when the demand is greater than the supply of a product--price will usually increase. |
| Surplus | Situation when supply is greater than demand--price will usually decrease. |
| Diminishing Utility | Idea that a persons demand for a product will reach a maximum no matter the price. |
| Diminishing Return | Idea that a supplier will reach a point when increased production will not increase profits. |
| Productivity | The amount of work produced in a given amount of time. -Increased productivity causes prices to decrease and fights inflation. |
