The Supreme Court's Decision in Obergefell V

question 5

Multiple Choice

The Supreme Court's decision in Obergefell v.Hodges (2015) was significant because it

• A)guaranteed same-sex couples the right to marry in all states and required states to recognize same-sex marriages performed in other jurisdictions.
• B)upheld the constitutionality of state-level bans on same-sex marriage.
• C)asserted that there was no constitutional right to privacy for consensual homosexual activity.
• D)asserted that there was a constitutional right to privacy for consensual homosexual activity.

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Definitions:

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, representing the surplus value created by a firm beyond the normal return to its inputs.

Market Price

The current price at which an asset or service can be bought or sold in a public marketplace.

Colluded

When two or more parties come together, often in secret, to limit open competition by deceiving or defrauding others of their legal rights, or to obtain an objective forbidden by law typically by defrauding or gaining an unfair market advantage.

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period.