The ________ Is Commander-In-Chief of the Armed Forces and Is

question 4

Multiple Choice

The ________ is commander-in-chief of the armed forces and is also charged with ensuring that the laws are faithfully executed.

• A)secretary of state
• B)secretary of defense
• C)vice-president
• D)president

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Definitions:

Prospect Theory

A behavioral economic theory that describes how people choose between probabilistic alternatives that involve risk, where the probability of outcomes is known.

Marginal Disutility

The added dissatisfaction or inconvenience experienced by consuming one more unit of a good or service.

Marginal Utility

The extra utility a consumer obtains from the consumption of 1 additional unit of a good or service; equal to the change in total utility divided by the change in the quantity consumed.

Absolute Terms

A method of expression or measurement that is independent of other variables or comparisons, focusing on intrinsic values.