Which of the Following Statements About the U

question 65

Multiple Choice

Which of the following statements about the U.S.Courts of Appeals is incorrect?

• A) The appeals courts were created by Congress, not by the Constitution.
• B) The appeals courts are able to hear all cases involving federal law, but not constitutional law.
• C) About 20 percent of federal cases are heard by the appeals courts.
• D) There are more than ten appeals courts in the United States.
• E) Except for cases selected for review by the Supreme Court, decisions made by an appeals court are final.

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Definitions:

Resource Demand

The desire and ability of firms or individuals to acquire resources or inputs necessary for production, influenced by their price and productivity.

Demand Decrease

A reduction in the quantity of a product or service wanted by consumers at any given price level.

Production Function

A mathematical relationship expressing the maximum output that can be produced from a given set of inputs in the production process.

Marginal Product

The additional output that results from using one more unit of a production factor, keeping all other factors constant.