Sonia Sotomayor

question 22

Multiple Choice

Sonia Sotomayor

• A) was not supported by Obama in her candidacy to the Supreme Court.
• B) was a candidate to become Supreme Court justice, but did not win the position.
• C) was the first Hispanic to be appointed to the Supreme Court.
• D) was the first woman to be appointed to the Supreme Court.
• E) was appointed by Bush to the Supreme Court.

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Definitions:

Endowment

The total resources available to an individual or entity, including assets, income, and wealth.

Competitive Equilibrium

Competitive equilibrium is a market condition where supply equals demand, with no incentive for price or quantity adjustments.

Pure Exchange

An economic model that assumes no production and focuses solely on the redistribution of existing goods and services among individuals based on preferences and initial endowments.

Partial Equilibrium Analysis

An economic analysis that considers the equilibrium in a single market or industry without taking into account the effects from other markets or industries.