The Law of Diminishing Marginal Returns Implies

question 178

Multiple Choice

The law of diminishing marginal returns implies

• A)the more hours you spend studying economics the less you will know.
• B)your understanding of economics will be increased by decreasing your marginal study time.
• C)after a certain point,the more hours you spend studying economics per day,the less you will learn with each added hour.
• D)the more hours you spend studying economics per day,the more you will learn with each added hour.

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Definitions:

Marbury V. Madison

A landmark Supreme Court case in 1803 that established the principle of judicial review in the United States, asserting the court's authority to check the compatibility of laws with the Constitution.

Article III

The section of the United States Constitution that establishes the judicial branch, including the Supreme Court and lower courts.

Judicial Review Origins

Refers to the historical development and legal acknowledgment that courts have the power to review and nullify actions or laws that are deemed unconstitutional.

Constitutional Basis

The fundamental principles or established precedents according to which a state or other organization is governed, as outlined in its constitution.