Most US Circuit Courts of Appeals Decisions Are Made by

question 8

Multiple Choice

Most U.S. Circuit Courts of Appeals decisions are made by

• A) one judge.
• B) a three-judge panel.
• C) a five-judge panel.
• D) a jury.

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Definitions:

Opportunity Cost

The omission of possible gains that could come from different options when one is preferred.

Comparative Advantage

The competence of an individual, firm, or nation to forge a good or render a service with a lower forfeited opportunity compared to others in the market.

Productivity

A measure of the efficiency of production, usually defined as the ratio of outputs produced to inputs used.

Opportunity Costs

The cost of foregoing the next best alternative when making a decision or choosing one option over another.