The Ability of State and Local Governments to Shape the Economy

question 47

Multiple Choice

The ability of state and local governments to shape the economy

• A) comes from their police powers to regulate health and safety.
• B) is limited because the Constitution grants the national government authority over intrastate commerce.
• C) comes from explicit delegation from Congress.
• D) is permissible due to the interstate commerce clause.
• E) is significantly limited by their inability to offer benefits to companies such as tax breaks.

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Definitions:

Ordinary Simple Interest

Interest calculated on the principal amount of a loan or investment based on a simple interest rate, without the compounding factor.

360-Day Year

An accounting approximation that treats all months as having 30 days, used in calculating interest with a simplified approach.

Ordinary Simple Interest

Interest calculated on the principal amount of a loan or deposit, based on a simple interest rate over a specified period.

360-Day Year

A simplified calculation method used in finance, assuming a year consists of 360 days for the purpose of interest calculation.