"Law Is Custom Recreated by Agents of Society in Institutions

question 54

Multiple Choice

"Law is custom recreated by agents of society in institutions specifically meant to deal with legal questions." This definition of law follows what approach of defining the law?

• A) law and justice
• B) law and social integration
• C) law and custom
• D) law in action

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Definitions:

Lump-Sum Tax

A tax that is a fixed amount, not dependent on the taxpayer's income or activity level.

Advantages

Benefits or strengths that give an entity a favorable or superior position relative to competitors or alternatives.

Disadvantages

The negative aspects or conditions that can lead to unfavorable outcomes or reduce effectiveness in a given context.

Efficient Tax

A tax imposed in such a way that it creates the least possible distortion or inefficiency in the market or economy.