Which of the Following Is a Norm Usually Followed by the Supreme

question 211

Multiple Choice

Which of the following is a norm usually followed by the Supreme Court?

• A) open decision making (the "sunshine norm")
• B) seniority
• C) de novo decision making
• D) judicial activism
• E) all of the above

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Definitions:

Market Share

The portion of a market controlled by a particular company or product.

Perceived Market

The segment of a market that consumers are aware of or have a particular perception about, which may influence their purchasing decisions.

Pareto Efficient

A scenario in which it is impossible to improve the status of any individual or preference without adversely affecting at least one other individual or preference.

Negative Externalities

Costs suffered by a third party as a result of an economic transaction in which they were not involved, such as pollution.