In 1996,the Defense of Marriage Act Was Enacted After Passing

question 82

Multiple Choice

In 1996,the Defense of Marriage Act was enacted after passing both houses of Congress and being signed into law by President Bill Clinton.The Defense of Marriage Act defined marriage as between a man and a woman and banned recognition of same-sex marriages.The decision of the Supreme Court to take a case that challenged the constitutionality of the Act is a reflection of which power?

• A)reserved power
• B)expressed power
• C)veto power
• D)judicial review
• E)the supremacy clause

---

Definitions:

Weak-form Efficiency

A market efficiency theory suggesting that past stock prices and volume data do not affect stock prices and thus cannot predict future stock movements.

Positive-earnings Surprises

Situations where the reported earnings of a company exceed the expected earnings, often leading to a positive reaction in the stock market.

Overly Optimistic

This term refers to an excessive belief in the favorable outcomes of events or conditions, often disregarding the likelihood of negative outcomes.

Technical Analyst

A professional who evaluates securities or market trends based on historical price and volume data to predict future movements.