Which of the Following Was the Core of Nixon's Approach

question 9

Multiple Choice

Which of the following was the core of Nixon's approach to "new federalism"?

• A)an extension of federal influence over state education policy
• B)the elimination of block and categorical grants
• C)increased state powers in the form of national guards and control over border security
• D)revenue sharing,where the federal government gave money to the states to use as they saw fit
• E)a reduction in federal ability to regulate interstate commerce

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Definitions:

Carrying Value

The book value of an asset on a company’s balance sheet, calculated as the original cost minus accumulated depreciation.

Bonds

Long-term debt securities issued by corporations or government entities that pay periodic interest until maturity, at which point the face value is repaid.

Bond Premium

The extra amount by which a bond's market price exceeds its face value.

Annual Interest Expense

The total amount of interest payments a company owes over the course of a year on any borrowed funds.