Mexico Has a Civil Law System

question 31

Multiple Choice

Mexico has a civil law system. In theory, in this system, the courts

• A) are obligated to follow the doctrine of stare decisis.
• B) may not develop their own laws.
• C) must create new rules of law.
• D) must develop legal concepts by case law.

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Definitions:

Disposable Income

Post-tax financial resources available for household spending and savings.

Savings

The portion of income that is not spent on consumption or taxes, typically put aside for future use or investments.

Disposable Income

Income available for spending and saving after income taxes have been accounted for.

C + I

An economic formula representing consumer spending (C) plus investment spending (I), components of a country's GDP calculation.