If the Price of a Hot Dog Is $2 and the Price

question 115

Multiple Choice

If the price of a hot dog is $2 and the price of a hamburger is $4, then the

• A) relative price of a hot dog is 1/2 of a hamburger per hot dog.
• B) money price of a hot dog is 2 hamburgers per hot dog.
• C) relative price of a hamburger is 1/2 of a hot dog per hamburger.
• D) money price of a hamburger is 2 hot dogs per hamburger.

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Definitions:

Custom

Established practices or behaviors that are accepted and expected within a specific culture or community.

Historical School

A school of jurisprudence that uses traditions as the model for future laws and behavior. Also called tradition or custom.

Statute

A written law passed by a legislative body at the federal or state level, setting forth regulations, provisions, and penalties.

Common Law

A legal system based on custom and court rulings rather than written laws, primarily in English-speaking countries.