The Doctrine of Nullification Outlined by John C

question 7

Multiple Choice

The doctrine of nullification outlined by John C.Calhoun in response to the Tariff of Abominations argued that

• A) the Supreme Court must settle any dispute between the federal government and an individual state.
• B) states could declare null and void any federal tariff that raised duties above 35 percent.
• C) the federal government could invalidate inappropriate statutes enacted by state legislatures.
• D) when Congress overstepped its powers,states had the right to nullify Congress's acts.

---

Definitions:

Payback Period

The length of time it takes for an investment to generate enough cash flow to recover its initial cost.

Project Profitability Index

A financial metric used to analyze the potential return of an investment project considering its present value of cash inflows and initial investment.

Investment Required

Investment required refers to the total amount of capital needed to undertake a project, start a new business, or make a significant purchase.

Profitability Index

A financial tool used to measure the relative profitability of an investment, calculated as the present value of future cash flows divided by initial investment.