The Framers Intended an Active and Powerful Government, So They

question 10

Multiple Choice

The framers intended an active and powerful government, so they included language to ensure that Congress could take any step to achieve its enumerated responsibilities. This elastic clause is most commonly known as the

• A)necessary and proper clause.
• B)separation of powers clause.
• C)privileges and immunities clause.
• D)national supremacy clause.

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Definitions:

Abatement Costs

Expenses incurred by firms to reduce environmental negatives, such as pollution.

Pollution Standard

Pollution standards are regulatory norms established by governments or international bodies to limit the concentration of harmful substances released into the environment.

Social Rate

Often refers to the rate of return on a public investment or project that includes both the private and external benefits to society.

NPV Analysis

A method of calculating the present value of an investment's expected cash flows minus the initial investment cost to assess profitability.