Examlex
In the following question you are asked to determine, other things equal, the effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for, or supply (S) of, X; (2) the equilibrium price (P) of X; and (3) the equilibrium quantity (Q) of X. If X is an inferior good, a decrease in income will
Mens Rea
A legal principle that refers to the mental state a person must be in while committing a crime for it to be intentional.
Prison Sentence
The period of time a person is legally required to spend in prison as punishment for committing a crime.
Public Defender
A lawyer appointed by the court to represent defendants who cannot afford to hire a private attorney in criminal cases.
Deemed Reasonable
Considered or judged to be fair, appropriate, or within acceptable limits according to prevailing standards or circumstances.
Q32: The marginal benefit to society of reducing
Q61: Which of the following would be an
Q68: When central planners in a command economy
Q195: Lobbying actions that seek government legislation to
Q196: In a television advertisement for AFLAC supplemental
Q197: An increase in consumer incomes will cause
Q214: The market system's answer to the fundamental
Q225: When sellers are unable to distinguish "good"
Q254: In which of the following statements are
Q308: The table below shows the weekly demand