The Phrase Stare Decisis Means

question 22

Multiple Choice

The phrase stare decisis means

• A) "let the decision stand."
• B) "the state will decide."
• C) "the decision is void."
• D) "the state must be decisive."
• E) "the decision is made."

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Definitions:

Income

The money received by an individual or business for services provided, products sold, or investments.

Interest Rate

The cost of borrowing money or the return on investment, expressed as a percentage of the principal, over a specific time period.

Utility Function

A mathematical representation of how different bundles of goods or services provide varying levels of satisfaction or utility to a consumer.

Consumption

The action of using up a resource or goods in the process of fulfilling human needs or wants.