this is a set of rules and standards by which a society governs itself
What is law
100
this kind of law has four important types such as: contracts, property, family relations, and torts
What is civil law
100
this involves using government spending and taxation to influence the economy
What is fiscal policy
100
this is a condition that exists because society does not have all the resources to produce all the goods and services that everyone wants
What is scarcity
100
this is the jury selection process in which lawyers on both sides interview potential jurors
What is voir dire
200
this is a law that is written by a legislative branch of government
What is statue
200
this is a set of voluntary promises, enforceable by the law
What is contract
200
this involves controlling the supply of money and credit to influence the economy. this is exercised through the federal reserve system
What is monetary policy
200
in this economy, habit and custom dictate the rules for all economic activity, determining what, how, and for whomgoods and setrvices are produced
What is traditional economy
200
this is where the burden of proving an accusation falls on the prosecution defendants do not have to prove their innocence
What is presumed innocence
300
This is a kind of shorthand for rights that are specified or implied in the Constitution
What is Substantive due process
300
this is any wrongful act
What is tort
300
this is the rate the fed charges member banks for loans
What is discount rate
300
this econmy has a central authority
What is command economy
300
this is an offical notice with the date, time, and place of the initial court apperance
What is summons
400
this concerns fairness in the wat a case is handled
What is Procedural due process
400
this is a legal document filed with the court that has jurisdiction
What is complaint
400
this is where member banks must keep a certain percentage of their money in their vaults or on deposit with the federal reserve
What is reserve requirement
400
these are the risk takers who organize and direct the other factors of productionto produce goods and servicesto make a profit
What is entrepreneurs
400
this occurs when both sides prepare for trial by checking facts and gathering evidence for their case
What is discovery
500
This term means that the coutroom is an arena in which lawyers for the opposing sides are adversaries and that the lawyer who makes the better case will win
What is Adversary system
500
this is a statement that is written and sworn to in the presence of an authorized person
What is affidavit
500
this is the sum of all goods and services produced in the nation in a year
What is gross domestic product (GDP)
500
this is the difference between the amount of money that is used to operate a business and the amount of money the business takes in
What is profit
500
this is a system in which the government regulates private enterprise