The Principle of _________, an Important Part of the Checks

question 75

Short Answer

The principle of _________, an important part of the checks and balances in the American system of government, was clearly enunciated by Chief Justice John Marshall in Marbury v. Madison.
A) picket-fence federalism.
B) division of powers.
C) police powers of the states.
D) judicial review.

• A) picket-fence federalism.
• B) division of powers.
• C) police powers of the states.
• D) judicial review.

---

Definitions:

Monopoly

A market structure where a single firm or entity exclusively controls the supply of a particular good or service, limiting competition.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Natural Monopoly

A type of monopoly that arises because a single firm can supply a good or service to an entire market at a lower cost than could two or more firms.

Patent

A legal document granted by the government that gives an inventor exclusive rights to make, use, or sell an invention for a certain number of years.