Which of the Following, from Highest to Lowest, Properly Demonstrates

question 63

Multiple Choice

Which of the following, from highest to lowest, properly demonstrates preemption?

• A) federal common law; federal statutes; U.S. Constitution
• B) state statutory law; federal common law; federal administrative law
• C) state common law; state administrative law; state statutory law
• D) federal administrative law; federal common law; state statutory law

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Definitions:

Allocation

The process of distributing resources or tasks among people or groups based on a specific criteria.

Efficient Industries

Industries that achieve maximum productivity with minimum wasted effort or expense.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors, leading to more efficient global production and trade.

Consumer Market

A marketplace for goods and services that are purchased for personal, family, or household use.