A Court That Overturns as Unconstitutional a Law That Is

question 57

Multiple Choice

A court that overturns as unconstitutional a law that is clearly in violation of the Constitution

• A) may still be exercising judicial restraint.
• B) is exercising judicial activism.
• C) is exercising stare decisis.
• D) may have its decision overturned by a two-thirds majority in both houses of Congress.
• E) Both B and C.

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Definitions:

Profit-Maximizing Level

The output level at which a firm achieves the highest possible profit, where marginal cost equals marginal revenue.

Competitive Firm

A business entity in a market where it must take the prevailing market price as given, due to its inability to influence prices through its own actions.

Market Price

The present cost at which a product or service is available for purchase or sale in the market.

Economic Profit

The difference between a firm's total revenue and its opportunity costs, including both explicit and implicit costs.