The Assignment in the Constitution of Lawmaking, Law-Enforcing, and Law-Interpreting

question 59

Multiple Choice

The assignment in the Constitution of lawmaking, law-enforcing, and law-interpreting functions to the legislative, executive, and judicial branches, respectively, is known as which of the following?

• A) The supremacy clause
• B) Inherent powers
• C) Direct democracy
• D) The implied powers clause
• E) Separation of powers

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Definitions:

Perfect Competitor

A market structure in which numerous small firms compete against each other with identical products, no single firm can influence the market price; all firms are price takers.

Marginal Revenue

Extra income gained by disposing of one additional unit of a good or service.

Marginal Cost

The expense associated with manufacturing an extra single unit of a product or service.

Quantity Sold

This refers to the total amount of a product or service that is sold within a given time period.