A Market Exists When

question 92

Multiple Choice

A market exists when:

• A) an absolute advantage is achieved by one country.
• B) people exchange money for goods and services.
• C) the cost of production is equated to price by a government agency.
• D) a physical location is created to facilitate the exchange of personal information about consumer choices.

---

Definitions:

Strict Scrutiny Test

A form of judicial review that courts use to determine the constitutionality of certain laws, requiring the law to be necessary to achieve a compelling government interest and be narrowly tailored.

Rational Relationship Test

A judicial standard used to determine the constitutionality of a statute or act, where the law must have a legitimate government purpose and a rational connection to that purpose.

Intermediate Standard Test

A level of scrutiny or evaluation that falls between minimal and strict examination in legal or regulatory contexts.

Due Process Clause

A constitutional clause that ensures citizens' rights to fair treatment within the standard legal system.