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Some policymakers have argued that products like cigarettes, alcohol, and sweetened soda generate negative externalities in consumption.All else equal, if the government decided to impose a tax on soda, the equilibrium quantity of soda would ________ and the equilibrium price of soda would ________.
Forum Non Conveniens
A legal doctrine allowing a court with jurisdiction to dismiss a case if another more appropriate forum exists that would better serve the convenience of the parties and the ends of justice.
Alternative Dispute Resolution
A range of processes used to resolve conflicts or disputes without resorting to traditional court litigation, examples include mediation and arbitration.
Techniques
Methods or strategies developed to carry out a particular task or to work towards an objective efficiently.
Civil Case
A non-criminal lawsuit in which one party sues another for the recovery of a private right or compensation for a wrong.
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