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When Studying the Effects of Public Policy Changes, What Do

question 79

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When studying the effects of public policy changes, what do economists do?


Definitions:

Substantive Law

The body of law setting out rights and duties that affect how people behave in organized social life. See also procedural law.

Criminal Law

The body of law that pertains to crime and punishment, regulating social conduct and proscribing threatening, harming, or otherwise endangering the health, safety, and moral welfare of people.

Public Law

The branch of law that governs the relationship between individuals, corporations, and the state, including constitutional, administrative, and criminal law.

Plain Meaning

A principle in legal interpretation that when the words of a statute are clear, they should be applied according to their natural and ordinary meaning.

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