(Modify This Question for Your Province

question 17

Multiple Choice

(Modify this question for your province.) Which of the following is False with respect to our court system?

• A) A negligence action, where the extent of damage is $1500, would most likely begin in the B.C. Provincial Court, small claims division.
• B) The lawyer arguing before the B.C. Supreme Court could cite a British case, but the judge is not bound to follow it.
• C) A judge on the B.C. Court of Appeal is bound to follow the decision of a judge on the B.C. Supreme Court on a case with similar facts.
• D) There is no monetary limitation on the B.C. Supreme Court.
• E) The consequence of the merger of the common law courts with the courts of equity is that the courts now apply both legal and equitable principles and remedies.

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Definitions:

Aggregate Demand

The total demand for all goods and services within a particular market or economy, including consumption, investment, government spending, and net exports.

Inflation

The velocity at which the total cost of products and services surges, reducing purchasing capacity.

Unemployment

The situation of being without a job, while actively looking for one and willing to work.

Short-Run Phillips

A concept that shows an inverse relationship between the rate of unemployment and the rate of inflation in an economy over a short period of time.