Reserved Powers Are Powers​

question 7

Multiple Choice

Reserved powers are powers​

• A) to be exercised by the states and not the federal government.
• B) ​that are specifically listed in the Constitution as granted to the federal government.
• C) that are rarely used and then only by congressional approval.
• D) ​to be shared by the federal and state governments.

---

Definitions:

Marginal Revenue

The additional income earned by selling one more unit of a product or service.

Minimum AVC

The lowest point on the Average Variable Cost curve, indicating the most efficient scale of production where variable costs per unit are minimized.

Economic Losses

Refers to the situation where total costs exceed total revenues, leading to a negative net income for a business.

Marginal Cost

The growth in overall costs resulting from the manufacture of one more unit of a good or service.