Less Than ________ of the Cases Heard by Federal Appeals

question 32

Multiple Choice

Less than ________ of the cases heard by federal appeals courts are later reviewed by the Supreme Court.

• A)1 percent
• B)10 percent
• C)25 percent
• D)33 percent
• E)50 percent

---

Definitions:

Marginal Utility

The change in total satisfaction or utility that a consumer experiences as a result of consuming one additional unit of a good or service.

Framing Effects

The influence on an individual's decision-making caused by the way information is presented, rather than just the information itself.

Status Quo

The existing state of affairs; in prospect theory, the current situation from which gains and losses are calculated.

Utility

A measure of satisfaction or value that consumers receive from consuming goods and services.