What Was the Importance of the U

question 28

Multiple Choice

What was the importance of the U.S. Supreme Court ruling in Marbury v. Madison (1803) ?

• A) It established voting rights for women and freed slaves.
• B) It overruled the Constitution by allowing state governments to enact laws that contradict the Constitution.
• C) It established the power of the Supreme Court to review all acts of Congress for their constitutionality.
• D) It ruled that Congress was subordinate to the judicial branch.
• E) It established that the judicial branch could preapprove actions by the executive branch.

Understand the concepts of demand, supply, and market equilibrium.

Analyze the effects of price floors and price ceilings on market outcomes.

Calculate shortages and surpluses in the market given government interventions such as price floors and price ceilings.

Determine the equilibrium price and quantity in a market from given demand and supply equations or schedules.

---

Definitions:

World War I

A global conflict that lasted from 1914 to 1918, involving many of the world's powers and marking one of the deadliest conflicts in history.

International Council

An assembly or committee formed by members from various countries aimed at addressing and solving global issues.