Which of the Following Is the Doctrine That Argues That

question 38

Multiple Choice

Which of the following is the doctrine that argues that because the justices are not popularly elected, the Supreme Court should defer to the decisions of Congress and the president unless their actions are in clear conflict with the plain meaning of the Constitution?

• A) Judicial restraint
• B) Judicial activism
• C) Judicial review
• D) Stare decisis

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Definitions:

Pure Monopolist

A firm that is the sole seller of a product or service in a market, without any close substitutes, possessing significant market power.

Profit-maximizing Output

The level of production at which a firm can achieve the highest possible profit, determined by where marginal cost equals marginal revenue.

Resource Allocation

The process of distributing available resources among various competing needs or uses to maximize overall benefit.

MR = MC Output

The optimal production level for a firm where marginal revenue (MR) equals marginal cost (MC), used to maximize profit.