If Courts Did Not Impose Fairly Strict Requirements on Who

question 11

Multiple Choice

If courts did not impose fairly strict requirements on who has standing

• A)a party wishing to sue would have to have a stake in the outcome.
• B)courts would be flooded with many more lawsuits than are filed today.
• C)no one would have a legal right to bring a suit if nature were involved.
• D)an organization would not have rights that did not depend on its staff.

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Definitions:

Saving Function

The relationship between the level of saving and the level of income, typically showing that saving increases as income increases.

Consumption Function

An economic formula that expresses the relationship between total consumption and gross national income, indicating how much households are likely to spend.

Disposable Income

Disposable income refers to the amount of money individuals or households have available to spend or save after income taxes are deducted.

Marginal Propensity

The ratio of change in an economic variable (e.g., consumption, saving) to a change in another economic variable (e.g., income).