Stare Decisis Is the Doctrine Of

question 43

Multiple Choice

Stare decisis is the doctrine of:

• A) separation of powers so that decisions are not made by a single branch of government
• B) following precedent so that legal principles in earlier cases are followed in later cases
• C) constitutional principles applied when making any decision
• D) spending long periods of time looking at facts before making a decision

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Definitions:

Wage Subsidies

Financial incentives provided by governments to employers to encourage the hiring of certain workers or to promote employment in specific sectors.

Government Failure

Government failure occurs when government intervention in the economy creates inefficiencies or leads to an allocation of resources that is worse than what the market would have produced on its own.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be consumed by everyone and one person's consumption doesn't reduce availability for others.

Quasi-Public Goods

Quasi-public goods are those that exhibit some characteristics of a public good such as non-excludability and non-rivalry but do not fully meet these criteria, often because they can be provided privately for a fee.