| A | B |
|---|
| Conservative | A person who tends to support limited government involvement in the economy, community help for the needy, and traditional values. |
| Moral Majority | Political organization established by Revered Jerry Falwell in 1979 to advance religious goals |
| Supply Side Economics | Economic theory that held that the government should increase the supply of labor and goods to achieve long-term growth, rather than increasing demand through government spending. |
| Budget Deficit | Shortfall between the amount of money spent and the amount of money taken in by the federal governement. |
| Deregulation | Reduction or removal of government controls over an industry |
| Globalization | Process by which national economies, politics, cultures, ans societies mix with those of other naitons around the world. |
| Multinational Corporation | Companies that produce and sell their goods ans services all over the world. |
| Service Economy | An economic system that provides services rather than manufactured goods. |
| NAFTA | Agreement in 1993 calling for the removal of trade restrictions among Canada, Mexico, and the United States. |
| WMD | Weapons of Mass Destruction, nuclear, biological, and chemical weapons intended to kill or harm on a large scale. |
| No Child Left Behind | 2002 law that aimed at improving the performance of primary and secondary schools particulary through mandated sanctions against schools not reaching federal performance standards. |
| Department of Homeland Security | Department created by President George W. Bush to coordinate domestic security efforts. |
