What Would Likely Result If the System of Federalism in America

question 48

Multiple Choice

What would likely result if the system of federalism in America were to deteriorate?

• A) The wealth and economic viability of the states would vary from one another.
• B) Government officials would refuse to take action and shirk responsibility.
• C) Decisions would have to be made by the courts in some instances.
• D) The central government would infringe upon the liberty of Americans.

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Definitions:

Normal Balance

The typical or usual balance of an account, which can be a debit for asset and expense accounts, or a credit for liability, equity, and revenue accounts.

Financial Statement

Comprehensive reports that provide information regarding a company's financial performance and condition.

Permanent/Temporary

Categories that differentiate between enduring or long-term elements and those expected to last for only a limited period.

Natural Resource Cost

The initial cost of acquiring and preparing natural resources for extraction, not including exploration or development.