Subordinate legislation includes regulations and municipal bylaws.

Substantive unconscionability involves scrutiny by the court for "bargaining naughtiness."

Mediation is third-party intervention in the negotiation process to force an agreement.

The _____ is an ethical philosophy that holds that all decisions should be consistent, unbiased, and based on fact.

A) principle of justice
B) principle of utilitarianism
C) principle of individualism
D) principle of relativity

​Apple has continued to be innovative to ensure that the demand for its products stays or becomes

A) ​More inelastic
B) More elastic
C) Unitary elastic
D) ​None of the above

(Figure and Table: The Budget Line) Use Figure and Table: The Budget Line.An increase in income would:

A) rotate the budget line,changing the intercept on the horizontal axis.
B) shift the budget line to the left.
C) rotate the budget line,changing the intercept on the vertical axis.
D) shift the budget line to the right.

If the rate of inflation in the U.S.falls relative to the rate of inflation in foreign nations,U.S.exports _______ and imports ______.

A) increase;decrease
B) decrease;increase
C) decrease;decrease
D) increase;increase

Vertical analysis is a technique which expresses each item within a financial statement

A) in dollars and cents.
B) in terms of a percentage of the item in the previous year.
C) in terms of a percent of a base amount.
D) starting with the highest value down to the lowest value.

The social discount rate is an important component in net present value (NPV) calculations for public policies related to stock externalities, but economists do not agree on which value to use for this rate. Suppose a recent study reports that the NPV of a proposed carbon tax intended to reduce carbon dioxide emissions is positive, but the annual net benefits do not become positive until 2060. The authors of the study used a social discount rate of 2%. What can we say about the findings of the study if the research were repeated with a higher social discount rate?

A) NPV would decline, and the annual net benefits would become positive after 2060.
B) NPV would increase, and the annual net benefits would become positive before 2060.
C) NPV would decline, and the annual net benefits would not change.
D) The findings of the study would not change.