Generally Speaking,which of These Government Actions Is Most Likely to Be

question 20

Multiple Choice

Generally speaking,which of these government actions is most likely to be upheld as constitutional?

• A)A ban on advocacy of socialism.
• B)A court order prohibiting circulation of racist leaflets.
• C)A law prohibiting newsracks of any kind within five feet of city streets.
• D)A requirement that news reports about foreign affairs first be screened by the Justice Department.

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Definitions:

First Theorem of Welfare Economics

A principle stating that, under perfect competition and with no externalities, the allocation of resources where supply equals demand leads to a Pareto efficient outcome.

Competitive Equilibrium

A state in a market where supply equals demand, with price acting as the balancing factor, and all economic agents are optimizing their outcomes.

Pareto Optimum

An economic state where resources are allocated in a manner that precludes the possibility of bettering one's situation without causing harm to another.

Desert Island

An uninhabited or deserted island, often depicted in literature and movies as a remote, isolated place.