Which of the Following Statements Is False Regarding a Country's

question 43

Multiple Choice

Which of the following statements is false regarding a country's legal system?

• A) The two major types of legal systems are common law and codified Roman law.
• B) Common law originated in the Roman jus civile.
• C) Code law countries tend to have more statutes governing a wider range of human activity.
• D) Accounting law is rather general in code law countries.
• E) A nongovernmental organization is more likely to develop in a common law country than in a code law country.

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Definitions:

Producer Surplus

The difference between the price that suppliers actually receive and the minimum price they would be willing to accept. It measures the net gains to producers and resource suppliers from market exchange. It is not the same as profit.

Soft Coal

Another term for bituminous coal; a type of coal known for its high moisture content and smoke-producing properties.

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the amount of the good or service that suppliers are willing and able to provide at various prices.

Tax Burden

The total amount of taxes paid by individuals or businesses, expressed as a share of their income or in absolute terms.