Which of the Following Systems of Governance Was Chosen by the Framers

question 52

Multiple Choice

Which of the following systems of governance was chosen by the framers of the U.S. Constitution?

• A) Machiavellianism
• B) Federalism
• C) Communism
• D) Marxism

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Definitions:

Factor Market

A marketplace where factors of production such as labor, capital, and natural resources are bought and sold.

Firms

business organizations engaged in the production and sale of goods and services, operating with the motive of earning profits.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing a particular action.

Labor Resource

Human work effort, both physical and mental, utilized in the creation of goods and services.