In a Minitrial

question 39

Multiple Choice

In a minitrial:

• A) only three jurors are used.
• B) the trial addresses only portions of the case or certain issues related to the case.
• C) the decision is always fully binding on the parties.
• D) none of these.

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Definitions:

Good

A material item or service that satisfies a want or need; can be economic (having monetary value) or free (like air) but is essential for transactions in the market.

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total benefits that buyers and sellers receive from participating in the market.

Tax

A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures.

Good

A tangible product or item that satisfies some human want or need.