If the US Supreme Court Denies a Writ of Certiorari, It Means

question 12

Multiple Choice

If the U.S. Supreme Court denies a writ of certiorari, it means
I.The court did not feel the case was important enough to review.
II.The decision of the lower court is correct.
III.The decision of the circuit court of appeals is effectively reversed.
IV.The Supreme Court has agreed to hear the case.
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• A)Only statement I is correct.
• B)Statements I and II are correct.
• C)Statements II and IV are correct.
• D)Only statement III is correct.
• E)Statements I, III, and IV are correct.

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Definitions:

Recession

A significant decline in economic activity across the economy, lasting more than a few months, typically visible in real GDP, income, employment, industrial production, and wholesale-retail sales.

Store-Wide Sale

A promotional event where discounts are offered on most or all items within a store.

Superiors

Individuals in higher positions or ranks within an organization, with authority or managerial responsibility over others.

Myopic Loss Aversion

The tendency of investors to react disproportionately to short-term losses compared to long-term gains.