Which of the Following Schools of Jurisprudence Believes That the Source

question 43

Multiple Choice

Which of the following schools of jurisprudence believes that the source of law is contemporary community opinion and customs?

• A) critical legal studies school
• B) sociological school
• C) American realist school
• D) positivist school

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Definitions:

Myopia

A condition where individuals or organizations focus on short-term gains at the expense of long-term benefits, often leading to suboptimal decisions.

Time Inconsistency

The phenomenon where a person's preferences change over time, such that what is preferred in the future is inconsistent with what is preferred now, often leading to planning and decision-making challenges.

Behavioral Economists

Researchers who study the psychological, cognitive, emotional, cultural, and social factors that affect the economic decisions of individuals and institutions.

Endowment Effect

A cognitive bias where individuals value an owned object higher than its market value simply because they own it.