If Foreigners Decide to Increase Their Purchases of U

question 107

Multiple Choice

If foreigners decide to increase their purchases of U.S.-made goods by $15 million, real GDP will

• A)remain unchanged.
• B)increase by more than $15 million.
• C)increase by less than $15 million.
• D)increase by $15 million.
• E)decrease by more than $15 million.

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Definitions:

Concurrent Jurisdiction

Jurisdiction that exists when two different courts have the power to hear a case. For example, some cases can be heard in either a federal or a state court.

Federal Court

A court established by the federal government of a country, having jurisdiction over matters that fall within federal law.

Remedies

The means by which a violation of rights is redressed or the enforcement of a right is achieved, often involving legal processes or actions.

Minimum-Contacts Standard

A legal standard that determines whether it is fair for a court in one jurisdiction to assert its authority over a defendant from another jurisdiction.