Which of the following is true about diversity of citizenship jurisdiction?
a) Diversity of citizenship jurisdiction means that many lawyers enjoy the higher status that comes in practicing before the federal bench
b) Defendant' attorneys know that removal is common and that it will move the case along faster by filing in federal court to begin with
c) Defense lawyers believe that there is sometimes a "home-court advantage" for a nonresident plaintiff who brings a lawsuit against an in-state in his local state court
d) The Constitution established diversity jurisdiction because it feared that local courts would be generous toward people from other states.
Answer: a) Diversity of citizenship jurisdiction means that many lawyers enjoy the higher status that comes in practicing before the federal bench
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When differences between nominal GDP and real GDP result due to price changes and nothing else is compared, an index is created called the
A) consumer price index. B) index of leading indicators. C) GDP deflator. D) inflation index.
Political scientist Elinor Ostrom won the 2009 Nobel Prize in Economics for demonstrating in detail how communities around the world
a. experience gaps in wealth and economic power. b. manage common pool resources effectively. c. see power as the ability to collaborate.
Assume an economy experienced a positive rate of inflation between 2003 and 2004 and again between 2004 and 2005 . However, the inflation rate was lower between 2004 and 2005 than it was between 2003 and 2004 . Which of the following scenarios is consistent with this assumption?
a. The CPI was 100 in 2003, 110 in 2004, and 105 in 2005. b. The CPI was 100 in 2003, 120 in 2004, and 135 in 2005. c. The CPI was 100 in 2003, 105 in 2004, and 130 in 2005. d. The CPI was 100 in 2003, 90 in 2004, and 88 in 2005.
Why do yield curves usually slope upward?
What will be an ideal response?