What Name Is Given to the Powers of the National

question 20

Multiple Choice

What name is given to the powers of the national government that are specifically stated in the U.S.Constitution?

• A) Delegated powers
• B) Implied powers
• C) Inherent powers
• D) Reserved powers
• E) Designated powers

---

Definitions:

Maximum Earning

The highest possible income or profit that an entity or individual can achieve under given conditions.

Contestable Market

A market in which the costs of entry and exit are low, so a firm risks little by entering. Efficient production and zero economic profits should prevail in a contestable market.

Economic Profits

Profits earned by a firm after accounting for both its explicit and implicit costs, including opportunity costs.

Property Rights

The legal rights to use, control, and derive benefits from a resource, good, or property.