A Clearinghouse Scam

question 28

Multiple Choice

A clearinghouse scam:

• A) Involves a victim receiving a letter that claims he or she has inherited a significant amount of money
• B) Involves a victim that has purportedly won the clearinghouse sweepstakes
• C) Involves a victim receiving a letter that falsely claims the writer represents a foreign bank
• D) Involves a victim receiving an email containing their social security and/or credit information

Grasp the concepts of income elasticity of demand and cross-price elasticity of demand and how they relate to goods being normal, inferior, substitutes, or complements.

Analyze the effects of elasticity on total revenue and expenditure.

Understand the concept of price elasticity of supply and its determinants.

Apply the midpoint method to calculate changes in elasticity.

---

Definitions:

Appeal by Right

Appeal by right is a legal provision that allows a party to appeal a court decision to a higher court without needing special permission, based on statutory rights.

Discovery Stage

A pre-trial phase in a lawsuit where each party can obtain evidence from the other parties by means of discovery devices such as interrogatories, requests for production of documents, and depositions.

Peremptory Challenge Stage

A phase during jury selection in a trial where attorneys can reject a certain number of potential jurors without stating a reason.

Special Verdict Stage

A phase in a trial where the jury is asked to make findings on specific factual questions before reaching a verdict.