The Oldest and Most Important Argument in Favor of Federalism

question 67

Short Answer

The oldest and most important argument in favor of federalism is that, in a large and ________ country, needs and wants and conditions differ from one place to another.

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Definitions:

Exchange Rates

The value of one currency for the purpose of conversion to another, determining how much one currency is worth in terms of another.

Long Run

A period of time in which all factors of production and costs are variable, allowing all aspects of an enterprise to be adjusted.

Appreciates

When the value of an asset, currency, or commodity increases in value over time in relation to other forms of currencies or commodities.

Peso

The currency used by several countries in Latin America, as well as the Philippines.