As a Judge, Jason Applies Common Law Rules

question 16

Multiple Choice

As a judge, Jason applies common law rules. These rules develop from

• A) administrative regulations.
• B) court decisions.
• C) federal and state statutes.
• D) proposed uniform laws.

Identify possible fallacies in arguments by analogy.

Evaluate the relevance of specific connecting terms in forming strong analogical arguments.

Understand the role of context and shared properties in evaluating analogies.

Understand the concept of inductive generalization in arguments by analogy.

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Definitions:

Natural Monopoly

An industry in which economies of scale are so great that a single firm can produce the industry’s product at a lower average total cost than would be possible if more than one firm produced the product.

Unit Costs

The expense a business incurs to manufacture, warehouse, and distribute a single unit of a specific product or service.

Entire Output

The total amount of goods or services produced by a company, industry, or country within a specific period.

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, leading to a decrease in cost per unit as output increases.