It Is Generally Acknowledged That the Law Should Comply with Certain

question 24

Multiple Choice

It is generally acknowledged that the law should comply with certain ideals.The ideal of 'accessibility' means:

• A)Ignorance of a law is an excuse for breaking a law.
• B)Only legal professionals should have knowledge of the law and it is their role to impart that knowledge to their clients.
• C)Persons without legal training can easily misunderstand technical laws.
• D)Persons should be able to easily find out the relevant law.

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Definitions:

Market Price

The existing selling or buying price for a service or asset in a particular trading environment.

Economic Profit

The total revenue of a business minus its total costs, including both explicit and implicit costs.

Average Variable Cost

The total variable cost divided by the total output, indicating the variable cost for producing one more unit of a good or service.