Fact Pattern 3-A3

question 40

Multiple Choice

Fact Pattern 3-A3
Liz files a suit against Moe in a state court.The case proceeds to trial,after which the court renders a verdict.
-Harbor Town enacts an ordinance to allow only a few street vendors to op?er?ate in certain areas,for the purpose of reducing traffic.A court would likely review this ordinance under the principles of

• A)the commerce clause.
• B)the equal protection clause.
• C)the due process clause.
• D)the First Amendment.

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Definitions:

Good Y

A hypothetical or generic item used in economic examples or models to represent a type of product or service in the market.

Units

Basic quantities or measures adopted to quantify and express variables in a particular field or for specific goods.

Marginal Rate of Substitution

The rate at which a consumer is willing to give up one good in exchange for another good, while maintaining the same level of utility.

Good Y

A generic term used to denote a particular good or product in economic models.