The union of independent sovereign states is a federation .
A service that only the Federal government can provide is the ability to mint money in the country.This is due to the fact that this single authority is bestowed upon the country by the constitution. Through the central bank of the country, the federal government mints money for the federation.A federal system of government exists when power is shared between a central, federal body, and smaller entities such as states.
The federal government has power over laws of the states and is established by Article 6 of the U.S. Constitution. The federal government has three branches: the legislative, executive, and judiciary, all are within its powers to exercise.
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A freelance singer-songwriter is planning the restoration of a recently purchased civil war-era farmhouse. While he professes an enjoyment of, and talent in the construction trades, the theory of comparative advantage implies that the income lost while away from music will likely exceed the savings realized by doing the work himself, thus, he should hire professionals to do the restoration work.
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The ability of economy to involve in production of goods and services at an opportunity cost which is lower in nature when compared with the trading partners. This will help the company to sell a product or service at a cot lower than the cost of the competitors. This will result in the company achieving the comparative advantage.
In the example given, a freelance singer can hire some professionals for the purpose of restoration work. This is because the income the singer gets from the freelancing work will be lost or it will be exceeded the savings , when he does the restoration work by himself. Hence he can hire some professionals for this purpose.
Thomas believes he is uniquely invulnerable to the consequences of drinking and driving. His thinking reflects <u>the personal fable</u>.
The personal fable is a notion held by way of many kids telling them that they may be special and unique, so much in order that none of lifestyles's problems or problems will affect them regardless of their behavior.
Examples of personal fable can be seen within the following typified assertions made by young people: "nobody knows me." "My parents just do not know what i'm going thru-- what do they know approximately what it is like being a teen?" "You just don't know the way it feels."
The imaginary target audience refers to teenagers' tendency to consider that others are continually watching and evaluating them; the personal fable refers back to the notion that the self is precise, invulnerable, and all-powerful.
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