The Necessary and Proper Clause of Article I, Section 8

question 14

Multiple Choice

The necessary and proper clause of Article I, Section 8 of the Constitution is also known as which one of the following?

• A) The supremacy clause
• B) The confederal system
• C) The commerce clause
• D) The unitary system
• E) The elastic clause

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Definitions:

Increase in Demand

A situation in which more of a product or service is desired, leading to a shift of the demand curve to the right.

Ceteris Paribus

A phrase in Latin that translates to "with all other conditions remaining the same," employed to examine the impact of a single variable while holding others constant in economic studies.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, leading to market equilibrium.

Equilibrium Quantity

The amount of products or services available and sought after at the market's balance price.