The Process by Which the Supreme Court Has Expanded Specific

question 76

Multiple Choice

The process by which the Supreme Court has expanded specific parts of the Bill of Rights to protect citizens against state and federal actions is called:

• A) habeas corpus
• B) selective incorporation
• C) the takings clause
• D) dual federalism
• E) cooperative federalism

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Definitions:

Profit Maximization

The process by which a company determines the price and output level that generates the maximum profit.

Production Function

A formula that specifies the output of a firm, an industry, or an entire economy for all combinations of inputs.

Cost Per Unit

The cost incurred in the production of one unit of a product, including material, labor, and overhead costs.

Marginal Product

The extra output generated by increasing the use of a variable input by one unit, while keeping all other inputs unchanged.