Signals Are Believable When the Cost of Sending a ________

question 37

Multiple Choice

Signals are believable when the cost of sending a ________ is known to be ________.

• A) false signal; low
• B) false signal; high
• C) true signal; low
• D) true or false signal; low
• E) true signal; high

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Definitions:

Diversity Of Citizenship

Under the Constitution, a basis for federal district court jurisdiction over a lawsuit between citizens of different states, a foreign country, and citizens of a state or different states or a foreign country and citizens of a state or states. The amount in controversy must be more than $75,000 before a federal court can exercise jurisdiction in such cases.

Federal Law

A body of law created by the federal government of a country, dealing with issues that affect the entire nation.

Treaty

A formal, ratified agreement between two or more sovereign states, usually in written form and governed by international law.

Civil Lawsuit

A court contention among several entities requesting either monetary compensation or a defined fulfillment, rather than facing criminal penalties.