The Federal Government, in Order to Fund Expanded Health Care

question 60

Multiple Choice

The federal government, in order to fund expanded health care, imposes a lump-sum tax on all business property.Profit-maximizing firms that stay in business will respond by

• A)raising prices to pay the tax.
• B)cutting output to reduce costs.
• C)lowering prices to stimulate demand.
• D)doing nothing.

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Definitions:

Discovery

The pre-trial process in a lawsuit where each party can obtain evidence from the other party by means of discovery devices such as interrogatories, depositions, and document requests.

E-filing

The electronic submission of legal documents to a court's system, allowing for a more efficient and often faster process than traditional paper filings.

Complaint

A legal document filed in court that initiates a lawsuit, outlining the plaintiff's allegations and the relief sought.

Summons

A legal document issued by a court or a judicial officer requiring the recipient to appear in court.