"Inflation Is a More Serious Problem Than Education

question 54

Multiple Choice

"Inflation is a more serious problem than education." This statement is an example of:

• A)a microeconomic analysis.
• B)bounded rationality.
• C)the fallacy of composition.
• D)a positive statement.
• E)a normative statement.

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Definitions:

Cooperative Federalism

A concept of federalism where national, state, and local governments interact cooperatively to solve common problems, rather than making policies separately.

Supremacy Clause

A clause in the U.S. Constitution stating that federal law is the "supreme Law of the Land" and takes precedence over state laws.

Federalism

A system of government in which power is divided between a central authority and constituent political units, such as states in the U.S.

Unitary

Refers to a centralized governmental structure where local or provincial divisions have little independent power outside the central authority's directives.