Answer the following statements true (T) or false (F)

1) The American Rule states that the plaintiff must pay their legal fees only the court rules in favor of the defendant.
2) The actual amount a plaintiff will win in a lawsuit is a random variable.
3) From an economic perspective, the decision to settle or litigate depends on actual guilt or innocence.
4) If the expected loss from litigation exceeds the expected gain, the defendant has an economic incentive to settle.
5) If the expected loss from litigation exceeds the expected gain, the defendant has an economic incentiv333) The larger a defendant's expected payment to a plaintiff, the more likely the case will be settled regardless if the expected payment is high due to the plaintiff's probability of winning, or if there is a large potential damage payment.e to settle.


1) FALSE
2) TRUE
3) FALSE
4) TRUE
5) TRUE

Economics

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A $25 government subsidy paid directly to buyers of jeans will result in

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The Fed can increase the money supply by conducting open-market

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GDP uses the market value of goods and services because it:

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Economics