Taylor, a Citizen of Utah, Files a Suit in a Utah

question 67

Multiple Choice

Taylor, a citizen of Utah, files a suit in a Utah state court against Veritas Sales Corporation, a Washington state company that does business in Utah. The court has original jurisdiction, which means that​

• A)the case is being heard for the first time.
• B)the court has a unique method of deciding whether to hear a case.
• C)the court has unusual procedural rules.
• D)the subject matter of the suit is interesting and new.

---

Definitions:

Say's Law

A principle that supply creates its own demand in the market.

Recession

A brief era of economic contraction marked by diminished trading and industrial output, commonly indicated by a reduction in GDP across two successive quarters.

Monetarists

Economists who emphasize the role of governments in controlling the amount of money in circulation.

Money Supply

The collective sum of money in an economy, taking into account cash, coins, and balances within checking and savings accounts, at a specific timeframe.