Only Congress Has the Power to Create a Federal Cabinet-Level

question 69

Multiple Choice

Only Congress has the power to create a federal cabinet-level department. The most recent federal cabinet to be created was the _____________________.

• A) State Department
• B) Department of Education
• C) Department of Homeland Security
• D) Department of Justice
• E) Attorney General's Office

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Definitions:

ATC

Average Total Cost, which is the total cost of production divided by the number of goods produced, representing the cost per unit of output.

Break-Even Point

The point where total costs equal total revenue, meaning no profit or loss is incurred.

MC

Stands for Marginal Cost, which is the cost of producing one additional unit of a good or service.

ATC

Average Total Cost, which is the total cost per unit of output incurred when producing goods or services. It includes both fixed and variable costs.