Center City Enacts an Ordinance That Imposes a Jail Term

question 4

Multiple Choice

Center City enacts an ordinance that imposes a jail term, without a trial, on all vendors who operate in certain areas. A court would likely review this ordinance under the principles of

• A) equal protection.
• B) free exercise.
• C) due process.
• D) free speech

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Definitions:

Economic Profit

The disparity between what a company earns in total and what it spends, counting both direct and indirect costs.

Self-Interest

The motivation driving individuals to pursue their own benefits or advantages, often considered a fundamental economic assumption.

Guiding Function Of Prices

The role of prices in signaling to both buyers and sellers about the relative scarcity or abundance of goods and services, thus guiding their economic decisions.

System Accommodate Change

A system's ability to adjust or adapt to changes in its environment or operations, ensuring continued functionality or efficiency.