Examlex
For each of the following sentences, select the phrase or group of words that best completes the statement.
-A measure of the ability of a company to finance current obligations from cash from operations.
Protective Tariffs
Taxes levied on imported goods to protect domestic industries from foreign competition by making imported goods more expensive.
Jeffersonian Concept
This concept pertains to the political ideals and visions of Thomas Jefferson, emphasizing democracy, agrarian simplicity, and the rights of states over centralized federal power.
Doctrine of Nullification
A political theory asserting that states have the right to nullify or invalidate any federal law deemed unconstitutional or infringing on states' rights, central to pre-Civil War sectional conflicts.
State Sovereignty
The principle that states have the authority to govern themselves, make their own laws, and manage internal affairs without external interference.
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