Which of the Following Became an Implication of the Commerce

question 27

Multiple Choice

Which of the following became an implication of the commerce clause that was upheld by the Supreme Court headed by John Marshall in Gibbons v. Ogden (1824) ?

• A) The national government has repeatedly justified its regulation of almost all areas of economic activity.
• B) Both the national and state governments have equal powers that cannot be curtailed by the other.
• C) The trade between a state and its immediate neighbors has been left to the former's discretion.
• D) Both the national and state governments work as separate units.
• E) The state governments determines the power of the national government.

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Definitions:

Variable Costs

Expenses that change in proportion to the production or sales quantities.

Operating Loss

A situation where a company's operating expenses exceed its gross profits or revenues, indicating a loss in its core business activities.

Fixed Costs

Expenses that do not change in total regardless of the level of production or sales activities within a certain range.

Direct Labor Rate

The cost of wages paid to workers directly involved in the production of goods or services, often used in job costing.