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In CASE 4.1National Federation of Independent Business v.Sebelius (2012),the U.S.Supreme Court held that the insurance mandate of the Affordable Care Act ("Obamacare")was a proper exercise of Congress's power to regulate interstate commerce.
Factor of Production
An input used in the manufacturing of goods or services, typically categorized into land, labor, capital, and entrepreneurship.
Total Income
The sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings received by an individual or organization.
Marginal Product
The additional output that is produced by adding one more unit of a particular input, while holding other inputs constant.
Wage Rate
The amount of money paid to an employee per unit of time or output, commonly expressed as an hourly rate.
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