Which of the Following Countries Has a Unitary Government

question 32

Multiple Choice

Which of the following countries has a unitary government?

• A)Australia
• B)Canada
• C)United States
• D)France

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Definitions:

Profit-Maximizing Output

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

Revenue

The total income generated by a business from its normal business activities, such as sales of goods or services, before any expenses are deducted.

Cost

The value of everything that is consumed to produce a good or service, including materials, labor, and other expenses.

Competitive Firm

A business that operates in a market where it must compete with other firms for the same customers or resources.