Which of the Following Is Correct with Respect to the Characteristics

question 97

Multiple Choice

Which of the following is correct with respect to the characteristics of stare decisis in the common law?

• A) It is based on trial by battle and trial by ordeal.
• B) It prevents a higher court from overruling a lower one.
• C) It allows decisions of the courts to be predictable.
• D) Our statutes play the same role as the code used in the French system.
• E) This term refers to the role played by the law of equity in our system.

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Definitions:

Nominal GDP

The gross domestic product measured in current prices, without adjusting for inflation.

Base Year

A specific year against which economic growth or other economic indexes are measured, serving as a point of comparison for future or past data.

Hypothetical Country

A theoretical or imaginary nation used for the sake of argument or analysis in economic models or discussions.

Real GDP

Real Gross Domestic Product measures a country's economic output adjusted for price changes, such as inflation or deflation, to reflect the true value of goods and services produced.