Which of the Following Does Not Define Law

question 11

Multiple Choice

Which of the following does not define law?

• A)Law is that which must be obeyed
• B)Law is a body of rules enacted in a legitimate manner
• C)Law is enacted by businesses and private social groups
• D)Law is enforced by the state
• E)All of the above define law

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Definitions:

Rational Behavior

In economics, it refers to making decisions that maximize an individual's benefit while minimizing costs, based on preferences and available information.

Economic Analysis

A methodical strategy for deciding the best way to allocate limited resources, which includes evaluating multiple options to reach a particular goal within established assumptions and limitations.

Marginal Changes

Marginal changes describe small adjustments to a variable's quantity or level, analyzing the effects of these adjustments on an overall system.

Status Quo

The existing state or condition of affairs, often used in the context of maintaining current circumstances without change.