Examlex
In his explanation of weak affirmative action, Louis P. Pojman argues, "There is no more moral requirement to guarantee that 12 percent of professors are Black than to guarantee that 85 percent of the players in the National Basketball Association are White." He is here trying to show that weak affirmative action aims for equal opportunity, not equal results.
Booming Economy
An economic state characterized by significant growth, increased employment, and rising consumer confidence and spending.
Recessionary Economy
An economy experiencing a significant decline in activity across the economy, lasting longer than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
Stock
A form of investment that indicates one has a stake in a company and entails a portion of the company's assets and profits.
Expected Rate of Return
The profit or loss that an investor anticipates on an investment, expressed as a percentage of the investment’s cost.
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