Examlex
Which of the following is an example of a product that is nonexcludable and rivalrous?
Statutes
Laws enacted by legislative bodies at any level of government.
Regulations
Rules or directives made and maintained by an authority to regulate conduct or enforce policies.
Stare Decisis
A legal principle that obligates courts to follow historical case law when making rulings on similar cases; it emphasizes legal stability.
Common Law
A body of unwritten laws based on legal precedents established by the courts.
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