The Demand for a Pack of Gum Is ______________ Than

question 14

Multiple Choice

The demand for a pack of gum is ______________ than is the demand for a steak because _______________.

• A) less price elastic; a pack of gum requires a smaller portion of one's income.
• B) more price elastic; a pack of gum requires a smaller portion of one's income.
• C) less price elastic; a pack of gum is more of a luxury.
• D) more price elastic; a pack of gum is more of a luxury.

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Definitions:

Preponderance of Evidence

The standard of proof commonly used in civil lawsuits, requiring that more than 50% of the evidence must support the plaintiff's claims to win the case.

Beyond Reasonable Doubt

The standard of evidence required to validate a criminal conviction in most courts in the United States.

Medicare False Claims Act

A federal law aimed at combating fraud and abuse in the Medicare program by penalizing those who knowingly submit false claims.

False Claims Act

A federal law that allows individuals to sue on behalf of the government for false claims made to governmental programs and collect a portion of any damages awarded.