The Federal Government Extended Its Power to Regulate Aspects of the Economy

question 75

Multiple Choice

The federal government extended its power to regulate aspects of the economy such as railroads, worker safety, minimum wages, and maximum hours principally through

• A) repeal of the Tenth Amendment.
• B) broad interpretation of the interstate commerce clause.
• C) state government secession.
• D) a more restricted use of Article I power.

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Definitions:

Common Stock

A type of equity security that represents ownership in a corporation, entitling holders to vote on corporate matters and receive dividends.

Initial Value Method

An accounting approach where investments are reported at their acquisition cost without subsequent adjustment for changes in market value.

Goodwill

An intangible asset on a company's balance sheet that arises when a company acquires another for a price higher than the fair value of its net tangible assets.