The American System, with Multiple Points at Which Various Powers

question 52

Multiple Choice

The American system, with multiple points at which various powers can block action, often leads to

• A) effective government.
• B) caretaker government.
• C) limited government.
• D) impeachments of government officials.
• E) a call for new elections.

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Definitions:

Utility Function

A mathematical representation that attaches a level of utility (satisfaction) to each possible basket of goods, allowing the ranking of these baskets from least to most preferred.

Edgeworth Box

A diagram used in economics to show various distributions of resources and to analyze competitive equilibria between two agents with fixed resources.

Contract Curve

In microeconomics, it represents the set of optimal allocations of resources between two or more parties from an initial situation.

Pareto Optimal

A condition where resources are distributed in such a way that improving the situation of one person necessitates worsening the situation of another person.