Which of the Following Is a Correct Statement About Commerce

question 43

Multiple Choice

Which of the following is a correct statement about commerce power in the U.S.?

• A)The power to regulate commerce is an enumerated power of Congress.
• B)The Constitution does not delineate the dividing line between interstate commerce and intrastate commerce.
• C)The Supreme Court has ruled that manufacturing is part of intrastate commerce and thus subject to state regulation only.
• D)Congress invoked the commerce power in passing a federal law that prohibited the possession of guns within one thousand feet of a school.
• E)All these answers are correct

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Definitions:

Opportunity Cost

The value of the next best alternative foregone as a result of making a decision.

Specialize

The process of focusing effort and resources on a narrow area of activity or field of study to gain efficiency or expertise.

Production Possibilities

A graphical representation showing the maximum quantity of goods and services that can be produced using limited resources to the fullest extent.

Opportunity Cost

The act of losing potential gains available through other choices upon selecting one option.