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10 Cards in this Set
- Front
- Back
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1) Types of Laws
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a. Statuary law
b. Common law- |
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a. Statuary law-
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laws that are written so when congress passes a bill it’s a statuary law
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b. Common law
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implied (came from Europe as we were developing as a nation)
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c. Judicial Decrees
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- laws that come up as result how the supreme court is going to hear
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i. N.A.T.O.
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north atlantic treaty organizations
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ii. N.A.F.T.A.
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(North American Free Trade Agreement)
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e. Executive orders
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similar to law almost like law) (not written)
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4) Regulation
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effort by governments to achieve economic or social outcomes by directing the behavior of citizens, groups, and corporations
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5) Privatization
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transferring ownership of a business, enterprise, agency or public service from the public sector to the private sector
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6) Why isn’t capitalism perfect
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a. Capitalism makes an economy money-oriented.
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