In a _________ the Subnational Bodies Exercise Only Those Powers

question 3

Multiple Choice

In a _________ the subnational bodies exercise only those powers which are delegated to them by a strong central government.

• A)plutocratic system
• B)unitary system
• C)confederal system
• D)federal system

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Definitions:

Market Price

The present cost at which a good or service is available for purchase or sale on the free market.

Tragedy of the Commons

A situation where individuals, acting independently and rationally according to their own self-interest, deplete or spoil shared community resources through their collective action.

Property Rights

Property Rights refer to the legal entitlements that determine the ownership and use of resources, including land, buildings, intellectual property, and personal possessions.

Individual Transferable Quotas (ITQs)

A regulatory tool used in fisheries management allowing the capture of a certain amount of seafood, with the quotas being tradable among individuals or companies.