The Constitution Stipulates Which of the Following About Relationships Between

question 87

Multiple Choice

The Constitution stipulates which of the following about relationships between states?

• A) No state may ever enter into a contract or agreement with another state.
• B) No state shall enter into a contract or agreement with another state without the approval of Congress.
• C) States may have treaties with either states or Indian reservations with the approval of Congress.
• D) The Senate controls all interstate relationships.
• E) No state shall enter into a contract or agreement with another state without the approval of the president.

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Definitions:

Producer Surplus

The difference between the amount producers are willing to accept for a good or service and what they actually receive, due to market prices.

Tax

A mandatory monetary payment or different kind of tax levied on taxpayers by government entities to support government expenses and various public services.

Consumer Surplus

The difference between the total amount consumers are willing and able to pay for a good or service and the total amount they actually do pay.

Producer Surplus

The discrepancy between the price at which producers are inclined to sell a product and the actual price they get, frequently viewed as an indicator of the well-being of producers.