Match the Most Appropriate Term to the Definition

question 45

Multiple Choice

Match the most appropriate term to the definition.
-Goal of law-making authorities to balance the need for consistency and stability against the need for flexible and adaptive government

• A)naturalist theory
• B)legislative branch
• C)positivist theory
• D)executive branch
• E)judicial branch
• F)sociological theory
• G)Bill of Rights
• H)modern balance
• I)legal standard
• J)traditional balance

---

Definitions:

Marginal Revenue

The enhanced income derived from peddling an additional unit of a product or service.

Marginal Cost

The increase in total cost that arises from producing one additional unit of a good or service, a critical factor in economic decision-making.

Predatory Pricing

Practice of pricing to drive current competitors out of business and to discourage new entrants in a market so that a firm can enjoy higher future profits.

Antitrust Laws

Legislation designed to regulate the conduct of businesses to promote fair competition for the benefit of consumers, preventing monopolies and practices that restrict trade.