Which of the Following Is True of the Centralist Position

question 38

Multiple Choice

Which of the following is true of the centralist position?

• A)The centralist position has been consistently criticized by presidents, Congress, and the Supreme Court.
• B)Centralists champion the idea of the Constitution as an interstate compact.
• C)Centralists believe that the national government should not interfere with activities reserved for the states.
• D)Centralists argue that the national government is a government of all the people, whereas each state speaks for only some of the people.
• E)Centralists have been particularly supportive of the devolution revolution, which argues for returning responsibilities to the states.

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Definitions:

Risk-Adjusted Rates

In capital budgeting, a rate used in place of the cost of capital to reflect especially risky projects.

Interest Rate

The amount charged, expressed as a percentage of the principal, by a lender to a borrower for the use of assets.

Certainty Equivalent NPV

A method of valuing risky projects or investments by adjusting the expected cash flows to reflect the investor's risk aversion, providing a 'risk-free' net present value.

Cost of Capital

The minimum return on investment a business necessitates to uphold its market value and entice financial inflow.