A Guilty Act, the Commission of Which Is an Element

question 75

Multiple Choice

A guilty act, the commission of which is an element required for criminal liability, is called:

• A)Mens rea
• B)Actus reus
• C)Actus mens
• D)Reus mens

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Definitions:

Quantity And Prices

The relationship in economics between the quantity of goods available (supply) and the price those goods fetch in the market (demand).

Higher Profits

An increase in the amount of money that is left after all operating expenses, taxes, and costs have been subtracted from total revenue.

Resource Suppliers

Entities or individuals that provide the essential inputs required for the production of goods or services.

Allocation Of Resources

Allocation of resources refers to the process of distributing available resources among various competing needs and uses in an economy to maximize efficiency and welfare.