The Necessary and Proper Clause Allows​

question 41

Multiple Choice

The necessary and proper clause allows​

• A) ​the federal government to reign supreme in every matter.
• B) ​Congress to enact laws retroactively, particularly during a national crisis (war).
• C) ​the federal government to make laws regarding almost anything and ​gives Congress and the federal government the capability to adapt to a changing world.
• D) ​extensive and expanding powers to the executive branch of government.

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Definitions:

Oligopolists

Oligopolists are firms in a market where a small number of competitors hold significant market share, enabling them to influence market conditions.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to buy at that price.

Elastic

Describes a situation where the quantity demanded of a good or service significantly responds to changes in price.

Oligopoly Pricing

A market pricing strategy used in an oligopoly, where a few firms dominate the market and can significantly influence prices through competitive and collaborative dynamics.