Explicit Power-Sharing Between Specific Ethnic Groups That Provides Each with Some

question 6

Multiple Choice

Explicit power-sharing between specific ethnic groups that provides each with some amount of power in the central government is called

• A)consociationalism
• B)managed democracy
• C)federalism
• D)centrepitalism

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Definitions:

Marginal Cost

The investment needed to manufacture an extra unit of a product or service.

Marginal Revenue

Enhanced revenue from the sale of an incremental unit of a product or service.

Variable Costs

Expenses that change in proportion to the activity of a business, such as costs for raw materials or production.

Profit-maximizing Output

This is the level of production at which a firm achieves the highest possible profit, determined by the point where marginal cost equals marginal revenue.