Which One of the Following Countries Has a Federal System

question 3

Multiple Choice

Which one of the following countries has a federal system of government?

• A) the United States
• B) Ireland
• C) Denmark
• D) Japan

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Definitions:

Income

Money that an individual or business receives, typically as payment for goods or services or through investments.

Consumer Equilibrium

Consumer Equilibrium is the state where a consumer has balanced their expenditures across different goods to maximize total utility given their budget constraint.

Utility

In economics, the satisfaction or benefit derived from consuming a product or service.

Consumer Equilibrium

The point at which the amount of a product demanded by consumers equals the amount supplied, leading to a stable market price.