PIG/Economics Vocabulary #2

16 cards·by scout1

a judicial proceeding, legal action in court

litigation

local community claims authority to regulate gas drilling

home rule

opinion or position reached by a group as a whole

consensus

selected for a job, to be named officially

appointed

activities that promote business growth and commerce

economic development

activities involving harassment and humiliation

hazing

to make a difference in treatment or favor

discrimination

preconceived judgment or opinion

prejudice

the collective resistance to disease by a group of people

herd immunity

excess of spending over revenue

deficit

uncertainty as to which approach to follow, undecided

ambivalent

legal action taken on behalf of a group/category of people

class-action

property pledged by a borrower to secure a loan

collateral

money value of a property in excess of loans against it

equity

tends to favor; reforms, personal choice/freedom, government programs and assistance for less fortunate

liberal

tends to favor; more traditional values, less government programs and regulations, reduced taxes

conservative