The Class Action Fairness Act Was Designed to Transfer Jurisdiction

question 44

True/False

The Class Action Fairness Act was designed to transfer jurisdiction in large, multistate class action tort suits from state courts to federal courts.

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Definitions:

Marginal Social Cost

The additional cost imposed on society as a whole by producing one more unit of a good or service, including both private costs and externalities.

Public Park

A publicly owned area of land, often green and open, designated for recreational use by the community.

Socially Optimum

The optimal distribution of resources and production from a societal perspective, where social welfare is maximized.

Social Perspective

The viewpoint focusing on how societal contexts influence individuals and groups, including norms, values, and social institutions.