The Supreme Court's Expanded Recognition of the Right of Government

question 16

Multiple Choice

The Supreme Court's expanded recognition of the right of government to enact laws related to economic liberties was a result of

• A)World War II.
• B)the Great Depression.
• C)World War I.
• D)the selection of a new chief justice.

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Definitions:

Retained Earnings

The portion of net earnings kept by the company instead of being paid out to its shareholders in the form of dividends.

Equity

The value of ownership interest in a firm, calculated as the difference between assets and liabilities on a company’s balance sheet.

Dividends

Payments made by a corporation to its shareholders, often derived from profits, on a per-share basis.

Return on Assets

A financial ratio that measures the net income produced by total assets during a period by comparing net income to the average total assets.