When We Say That Japan Is a Constitutional Monarchy, We

question 32

Multiple Choice

When we say that Japan is a constitutional monarchy, we mean that

• A) the monarch alone can amend the constitution.
• B) the monarch is the formal head of government although as a practical matter, executive power is exercised by the prime minister.
• C) the monarch serves only a ceremonial symbolic role.
• D) the Japanese parliament chooses the monarch.
• E) the monarch has a constitutional power to veto laws approved by parliament but he has never exercised this.

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Definitions:

Subjective Probabilities

Probability estimates based on an individual's personal judgment or opinion rather than on objective data or specific calculations.

Marginal Utility

The additional satisfaction or utility that a consumer derives from consuming one more unit of a good or service.

Income Function

A mathematical representation that shows the relationship between an individual's or entity's income and one or more variables, such as the level of education or experience.

Diminishing Marginal Utility

Principle that as more of a good is consumed, the consumption of additional amounts will yield smaller additions to utility.