Which of the Following Terms Best Describes the Process That

question 31

Multiple Choice

Which of the following terms best describes the process that occurs when two or more parties decide how to allocate scarce resources?

• A) integration
• B) association
• C) negotiation
• D) unionization
• E) differentiation

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Definitions:

Govern Authority

Pertains to the legal power or right held by a government body to regulate, control, or manage individuals, entities, or property.

Supremacy Clause

A provision in the U.S. Constitution stating that federal law takes precedence over state laws.

Supreme Law

The highest form of law in a legal system, to which all other laws must conform; in the United States, this refers to the U.S. Constitution.

Checks and Balances

A system in government designed to prevent any single branch from gaining too much power, allowing each branch to limit or check the powers of the others.