The Federal Statute That Makes State Law Applicable on Federal

question 16

Multiple Choice

The federal statute that makes state law applicable on federal lands in circumstances where the act or omission has not been declared a federal crime is known as the:

• A)Federal Criminal Overlay Act.
• B)Assimilative Crimes Act.
• C)Lindbergh Law.
• D)Federal-State Criminal Cooperation Act.

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Definitions:

Perfect Price Discrimination

Occurs when a firm charges the maximum amount that buyers are willing to pay for each unit.

Consumer Surplus

The contrast between the summed value consumers intend and can afford to pay for a product or service and the actual cost they bear.

Deadweight Loss

The loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved or is unattainable.

Federal Trade Commission

A US government agency whose primary purpose is to enforce civil antitrust law and promote consumer protection.