Under the New Constitution, Congress Was Not Granted General Legislative

question 53

Multiple Choice

Under the new Constitution, Congress was not granted general legislative power, but rather, __________ powers, that explicitly listed powers in which it could engage.

• A) absolute
• B) enumerated
• C) inherent
• D) implied
• E) necessary

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Definitions:

Overvalued Currencies

A situation where a currency is trading at a higher value on the foreign exchange market than is warranted by the country’s economic fundamentals.

Undervalued Currencies

Currencies that are traded at a lower exchange rate than their perceived or actual economic value, often due to government intervention or market forces.

Domestic Manufacturing

The production of goods within a country's borders, focusing on local industries and labor forces rather than outsourcing.

Currency Valuation

The process of determining the value of one currency in terms of another, often influenced by market conditions, economic indicators, and governmental policies.