The Doctrine of Stare Decisis

question 29

Multiple Choice

The doctrine of stare decisis

• A) means to reverse the decision of a lower court.
• B) says that the court does not have jurisdiction in a case.
• C) allows the court to refer a case to the next highest court.
• D) is the policy of following precedent established by past decisions to decide cases.
• E) means strict interpretation.

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Definitions:

Government Allocates

This term signifies the process by which a government distributes resources or funds among various departments, projects, or areas of need within the country.

Capitalism

An economic system characterized by private or corporate ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods determined mainly by competition in a free market.

Market-based Economy

An economic system where prices and the distribution of goods are determined by supply and demand in a free market.

Mercantilism

An economic theory prevalent in the 16th to 18th centuries focusing on maximizing a nation's exports and minimizing imports to accumulate wealth and precious metals.