Which of the Following Is Least Likely to Be the Case

question 122

Multiple Choice

Which of the following is least likely to be the case?

• A)Food stamps encourage the production of more food.
• B)Housing subsidies encourage the production of additional housing.
• C)Medicare changes the mix of output away from medical services.
• D)Student loans change the mix of output in favor of educational services.

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Definitions:

Law of Equity

A body of law that provides remedies and justice not available or insufficient in common law, focusing on fairness and morally sound judgments.

Common Law Courts

The three historical English courts (the Court of Common Pleas, the Court of King’s Bench, and the Exchequer Court), where in theory law was discovered in the customs and traditions of the people.

Stare Decisis

A legal doctrine that obligates courts to follow the precedents established in previous rulings, ensuring consistency and predictability in the law.

Courts of Chancery

Courts that administer equity and handle matters such as trusts, estates, and guardianships, distinct from courts that deal with law.