The Elastic Clause of the Constitution

question 169

Multiple Choice

The elastic clause of the Constitution

• A) gives Congress broad powers to carry out its responsibilities.
• B) explicitly grants the Supreme Court ultimate authority.
• C) was instrumental in keeping parties out of American politics for several decades after ratification of the Constitution.
• D) grants state legislatures the power to choose college electors if no majority forms.
• E) none of the above

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Definitions:

Opportunity Cost

The benefit that is missed or given up when choosing one alternative over another.

Cash Outlay

The total amount of money spent on a particular purchase or investment.

Alternative Investments

Investments in asset classes other than stocks, bonds, and cash, such as real estate, hedge funds, or commodities.

Differential Cost

The variance in price between two different choices or alterations in production volumes.