The Supreme Court

question 390

Multiple Choice

The Supreme Court:

• A) selects appeals at the Court's discretion
• B) must review cases involving constitutional issues
• C) must review cases involving conflicting decisions among the courts of appeal
• D) must review the constitutionality of international treaties
• E) none of the other choices are correct

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Definitions:

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, reflecting the potential benefits one misses out on when choosing one option over another.

Bowed Outward

Describes a curve on a graph, typically a production possibility frontier, indicating increasing opportunity costs when shifting resources between two goods.

Opportunity Cost

The cost of choosing one option over another, typically the best alternative forgone as a result of making a decision.

Efficient

Efficiency refers to the optimal production and distribution of resources in a way that best meets the needs and desires of consumers.