Which of the Following Types of Law Is Primarily Found

question 61

Multiple Choice

Which of the following types of law is primarily found in the United States,England,Canada,and other countries once under English influence?

• A)code law
• B)common law
• C)religious law
• D)civil law
• E)universal law

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Definitions:

Elasticity

Elasticity measures the responsiveness of the quantity demanded or supplied of a good or service to a change in its price or other factors like income.

Resource Demand

The demand for resources (labor, capital, land) that are used to produce goods and services.

Pure Competition

A market structure in which a very large number of firms sells a standardized product, into which entry is very easy, in which the individual seller has no control over the product price, and in which there is no nonprice competition; a market characterized by a very large number of buyers and sellers.

Equivalents

Items or entities that are fundamentally equal in value or function in the context of a specific comparison.