Examlex
The table shows the total utility data for products X and Y. Assume that the prices of X and Y are $3 and $4, respectively, and that consumer income is $18. If the price of X decreases from $3 to $2, while the price of Y and the consumer's income stay the same, then the utility-maximizing combination is such that the quantity of X
Personal Jurisdiction
The legal power a court has to make a decision regarding the party being sued within its territory.
Courts
Institutions established by governments to adjudicate disputes, interpret laws, and administer justice within a legal framework.
Persons
Legal entities that include human beings as well as corporates and other entities recognized by law as having rights and obligations.
New York Convention
An international agreement governing the use of arbitration as a method of resolving private international disputes.
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