Which of the Following Is an Argument in Favor of State

question 26

Multiple Choice

Which of the following is an argument in favor of state supremacy?

• A) The national government abuses its powers because it often taxes people without their consent.
• B) It is a check on tyranny because people can "vote with their feet."
• C) It prevents the national government from encouraging a "race to the bottom" that favors business over people.
• D) State governments tend to be less corrupt than the federal government.
• E) There are great disparities in state resources.

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Definitions:

Accounting Principle

A rule or guideline that directs the accounting practices and procedures by providing a framework within which accounts are maintained.

Compensatory Stock Options

Stock options granted to employees as part of their compensation package, usually with certain conditions attached.

Common Stock

A type of security that represents ownership in a corporation and gives shareholders voting rights and eligibility for dividends.

Market Price

The ongoing rate at which a service or asset can be purchased or sold within a market setting.