The Practical Devices Placed in the U

question 59

Multiple Choice

The practical devices placed in the U.S.Constitution to control factions included all of the following except

• A)a system of representative government.
• B)the division of government into three branches, which served as a system of checks and balances.
• C)a federal system where power was dispersed within and among the federal government and the states.
• D)a national bank known as the Federal Reserve System, which would control the nation's money and therefore keep factions from ever gaining complete control over the economy.

---

Definitions:

Demand Function

A mathematical representation that describes the relationship between the quantity of a good that consumers are willing and able to purchase and its price.

Substitution Effect

The change in the consumption of goods that results from a change in their relative prices, holding the consumer's level of utility constant.

Income

Compensation acquired from job employment or the act of investing, usually in a regular pattern.

Price

The expected financial outlay, required, or dispensed in payment for something.