The Lay Judge System

question 8

Multiple Choice

The Lay Judge System

• A) is a system whereby a judge may adjudicate a suit between Japanese citizens.
• B) is a system whereby a panel of randomly selected citizens rule on civil cases involving corporations.
• C) permits persons who have not attained a law degree to become judges.
• D) is a reform that made all judgeships in Japan elected positions.
• E) allows major criminal cases to be heard by a panel consisting of professional judges and randomly chosen citizens.

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Definitions:

Market Price

The current price at which a goods or service can be bought or sold in a particular market.

Consumer Surplus

The gap between what consumers are prepared and capable of paying for a product or service and what they end up spending.

Supply Change

An alteration in the quantity of goods or services that producers are willing and able to sell in the market, due to factors like price, technology, or input costs.

Consumer Surplus

The difference between the total amount consumers are willing to pay for a good or service and the total amount they actually pay.