A Problem for Developing Countries Is That the Prices of Primary

question 39

Multiple Choice

A problem for developing countries is that the prices of primary products fluctuate more widely than the prices of finished goods because:

• A)crop supply changes very little despite the weather.
• B)crop supply fluctuates with the weather.
• C)weather never varies.
• D)the demand for primary products fluctuates as new diets are developed.
• E)the demand for primary products fluctuates with the weather.

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Definitions:

Case Law

The collection of past legal decisions written by courts, which law later courts use as authoritative guidance in similar cases.

Legal Positivism

The school of jurisprudence which holds that because society requires authority, a legal and authoritarian hierarchy should exist. When a law is made, therefore, obedience is expected because authority created it.

Natural Law

A school of jurisprudence that recognizes the existence of higher law, or law that is morally superior to human laws.

Stare Decisis

Latin for “standing by the decision”; a principle stating that rulings made in higher courts are binding precedent for lower courts.