Which of the Following Statements About Statutes Is True

question 143

Multiple Choice

Which of the following statements about statutes is true?

• A) Statutes only apply when there is no common law covering the situation.
• B) A statute may be only federal.
• C) Statutes are laws created by legislative bodies.
• D) Government regulations are considered supreme to statute law.
• E) Statutes often summarize or modify canon law.

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Definitions:

Resource Demand

The desire and ability of businesses or individuals to acquire economic resources or inputs for the production of goods and services.

Product Requirement

Specifications or criteria that a product must meet related to its design, functionality, and performance.

Resource Decreases

The reduction in the availability or supply of natural, human, or capital resources in an economy or specific market.

Substitute Input

An alternative resource or material that can be used in place of another in the production process to achieve the same outcome.