The Corporations Act Gets Its Powers from Which Section of the Australian

question 17

Multiple Choice

The Corporations Act gets its powers from which section of the Australian Constitution?

• A)50
• B)51
• C)52
• D)53

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Definitions:

Increasing-cost Industry

An industry in which the costs of production increase as the industry expands, often due to limitations in resources or factors of production.

Long-run Supply Curve

A graphical representation showing the relationship between price and quantity supplied over a longer period, when all inputs can be varied.

Perfectly Elastic

Describes a situation in which the quantity demanded or supplied changes by an infinite amount in response to any price change, depicted as a horizontal line on a graph.