Which of the Following Statements Is Not True

question 57

Multiple Choice

Which of the following statements is not true?

• A) Federalism divides powers between two levels of government: the state (that deals with local concerns) and the federal government (that deals with national concerns).
• B) The Framers of the Constitution drafted the Constitution to expand the powers of the national government from what they had been under the Articles of Confederation.
• C) The Constitution is the result of compromise between competing interests.
• D) The final draft of the new constitution was the product of all 13 states participating in the Philadelphia Convention.
• E) Some of the Framers believed that the Constitution should be flexible to meet the varying challenges time would create.

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Definitions:

Loanable Funds

The market where savers supply funds for loans to borrowers, influencing interest rates through the forces of supply and demand.

Quantity Demanded

Refers to the total amount of a good or service that consumers are willing and able to purchase at a given price level in a given time period.

Interest Rate

The segment of a loan applied as interest for the borrower, customarily shown as an annual percentage of the current loan outstanding.

Net Exports

The value of a country's total exports minus the value of its total imports. It is a measure of a nation's foreign trade balance.