In a Federal System of Government,the Powers Not Specifically Mentioned

question 47

Short Answer

In a federal system of government,the powers not specifically mentioned in a constitution are known as _________ powers.In Canada,these powers were given to the _________.In contrast,in the U.S.,these powers are reserved to the _________ or to the people.

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Definitions:

Marginal Cost

The increase or decrease in the total cost of a product when the production volume is increased by one unit.

Opportunity Costs

The cost of an alternative that must be forgone to pursue a certain action, representing the benefits that could have been received by taking an alternative action.

Economic Costs

The total cost of choosing one action over another, including both explicit costs (direct payment) and implicit costs (opportunity costs).

Accounting Costs

Accounting costs, also known as explicit costs, refer to actual expenditures incurred by a business.