The Ability of the Courts to Determine If a Law

question 77

Multiple Choice

The ability of the courts to determine if a law or action made by another branch of the government is constitutional or not is known as ______.

• A) judicial review
• B) appellate litigation
• C) exercising supremacy
• D) judicial activism

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Definitions:

Elastic Demand

A demand relationship in which the percentage change in quantity demanded is larger than the percentage change in price in absolute value (a demand elasticity with an absolute value greater than 1).

Long Run

The period in which all factors of production and costs can be fully adjusted, allowing for all inputs and operations to change.

Substitutes

Goods that can serve as replacements for one another; when the price of one increases, demand for the other increases.

Elastic Demand

A situation in which the demand for a good or service is sensitive to price changes, meaning a small change in price leads to a significant change in the quantity demanded.