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:

Market Structure

The organizational and characteristic features of a market, including the level of competition and number of participants.

Market Structure

Market Structure refers to the organizational and other characteristics of a market, largely influencing the nature of competition and pricing within the market.

Monopolistic Competition

A market structure characterized by many firms selling products that are similar but not identical, allowing for some degree of market power.

Homogeneous Products

Refers to goods that are identical in quality and features, making them perfect substitutes for each other in the eyes of consumers.