What Does the Process of Judicial Review Entail

question 29

Multiple Choice

What does the process of judicial review entail?

• A) Governments may refer questions and legislation to the courts for an opinion.
• B) Citizens, corporations, interest groups, and other levels of government may challenge the authority of government decisions.
• C) Courts may rule on the constitutionality of particular pieces of government legislation.
• D) All of the above

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Definitions:

Maximum Price

A price ceiling, often set by regulatory bodies, above which a particular good or service cannot be sold, intended to protect consumers.

Consumer Surplus

The divergence between the price customers are willing to pay and the price they actually pay for a good or service.

Willingness to Pay

The maximum amount an individual is prepared to spend to acquire a good or service or to avoid something undesirable.

Consumer Surplus

The gap between the amount consumers are prepared to spend on a good or service and the actual price they pay, signifying consumers' advantage.