Which of the Following Is a Correct Statement About Commerce

question 43

Multiple Choice

Which of the following is a correct statement about commerce power in the U.S.?

• A)The power to regulate commerce is an enumerated power of Congress.
• B)The Constitution does not delineate the dividing line between interstate commerce and intrastate commerce.
• C)The Supreme Court has ruled that manufacturing is part of intrastate commerce and thus subject to state regulation only.
• D)Congress invoked the commerce power in passing a federal law that prohibited the possession of guns within one thousand feet of a school.
• E)All these answers are correct

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Definitions:

Asymmetric Information

A situation in which one party in a transaction has more or superior information compared to another.

Market Failures

Situations in which the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.

Government Intervention

Actions taken by a government to influence or regulate various activities within its economy.

Market Signals

Indicators or information that guide economic decisions by conveying important data about the conditions or trends within a market.