What Is the Main Difference Between the U

question 21

Multiple Choice

What is the main difference between the U.S. and U.K. judicial systems?

• A) The power of U.S. judges to uphold or strike down legislatve or executive actions
• B) The power of British judges to uphold or strike down Parliament's decisions
• C) The role of British judges to safeguard civil liberties
• D) The focus in the U.S. on a common law system
• E) None of these choices is correct.

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Definitions:

Random Variation

The unpredictability in the behavior or outcome of a process, due to the influence of random factors or noise.

Cyclical Variation

Fluctuations in statistical or economic data that occur periodically over cycles, such as those caused by the business cycle.

Economic Recession

A period of temporary economic decline during which trade and industrial activities are reduced, generally identified by a fall in GDP in two successive quarters.

Inflation

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.