In A(n)__________ System,local and Regional Governments Derive Authority from the National

question 51

Multiple Choice

In a(n) __________ system,local and regional governments derive authority from the national government.

• A)unitary
• B)bicameral
• C)constitutional
• D)federal

---

Definitions:

Demand

How much of a good or service that consumers can and want to buy, influenced by differing price levels.

Economic Profit

The difference between total revenues and total costs, including both explicit and implicit costs, representing the surplus generated from economic activities.

Technological Change

A change in the methods, equipment, and software used by a society, improving efficiency, productivity, and quality of life.

Marginal Cost

The additional cost incurred by producing one more unit of a good or service; essential for making efficient production and pricing decisions.