The Supreme Court's Expanded Recognition of the Right of Government

question 16

Multiple Choice

The Supreme Court's expanded recognition of the right of government to enact laws related to economic liberties was a result of

• A)World War II.
• B)the Great Depression.
• C)World War I.
• D)the selection of a new chief justice.

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Definitions:

Consumer Surplus

The discrepancy between the sum consumers intend to pay for a product or service and the sum they really pay.

Power Transmission Wire

Conductors used in power transmission systems to carry electricity over long distances from power plants to electrical substations.

Domestic Demand

The total demand for goods and services within a country's borders.

Foreign Demand

The desire and willingness of buyers in other countries to purchase goods and services from a particular country.