Why Did Thomas Jefferson Favor Sovereignty of State Government Over

question 31

Multiple Choice

Why did Thomas Jefferson favor sovereignty of state government over the federal government?

• A) He knew that the opposition Federalist party still dominated the federal government.
• B) He wanted the states to be free to build new cities.
• C) He believed that state government was more responsive to popular will.
• D) He feared that the federal government would provide financial assistance to manufacturers, leaving the states to subsidize family farms.
• E) He believed that the federal government was not yet strong enough.

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Definitions:

Sales Mix

The combination of different products or services that a company sells, impacting its overall profitability.

Operating Leverage

The degree to which a firm can increase operating income by increasing revenue, a measure of how sales growth translates to growth in operating income.

Margin of Safety

The difference between actual or expected sales and the break-even point. It measures how much sales can drop before a business incurs a loss.

Relevant Range

The scope of actions where the assumptions regarding variable and fixed costs hold true.