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Equity
| This refers to the idea of people being treated fairly both in terms of the law and in the economy. |
Entitlements
| Government programs set up to provide financial help to elderly, disable, or unemployed citizens. |
Economic Sanctions
| Economic penalties, such as tariffs or embargoes, used by one country (or group of countries) to force another country to do something or to stop doing something. |
Consumer Price Index
| A measurement of the change in the cost of living for people. It is used to show how much prices of goods and services have risen or the amount of inflation that has taken place. |
Discount (Interest) Rate
| The rate of interest charged by a Federal Reserve Bank on a loan to a member bank. This rate becomes the base interest rate for most consumer borrowing as well. |
Embargo
| A government policy of refusing to trade with another country. |
Federal Reserve System
| The nation's central bank responsible for setting monetary policy. |
Free Enterprise System
| An economic system based on the private ownership of business and property, in which the law of "supply and demand" determines what goods are produced and sets prices and wages. |
Federation of the Red Cross
| The world's largest humanitarian organization focusing on improving health standards, providing disaster relief, and promoting humanitarian organiztion focusing on improving health standards, provicing disaster relief, and promoting humanitarian principles and values. |
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