The Term "Judge­made" Law Is Synonymous With

question 106

Multiple Choice

The term "judge­made" law is synonymous with:

• A) administrative law.
• B) case law.
• C) constitutional law.
• D) statutory law.

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Definitions:

Normal Crop

A term typically used to refer to an average or expected yield of agricultural production in a given season or year.

Price Support Program

A price support program is a governmental policy designed to maintain the market price of a good at a predetermined level, often to ensure that producers receive a minimum income.

Surplus

The situation where the quantity of a good or service produced exceeds the quantity demanded at the current price.

Competitive Market

A market structure characterized by a large number of sellers and buyers where no single market participant has the power to influence prices significantly.