As Federal Regulations Became More Intrusive, Forcing States to Change

question 41

Multiple Choice

As federal regulations became more intrusive, forcing states to change their policies in order to meet national goals, some people began calling our system a ________ federalism.

• A) sovereign
• B) dual
• C) progressive
• D) coercive
• E) utopian

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Definitions:

Balance Sheet Item

An individual entry, such as assets, liabilities, or equity, that appears on the balance sheet, detailing a company's financial position at a specific point in time.

Total Assets

The sum of all resources owned by an entity, reflected on its balance sheet.

Return On Assets

A profitability ratio that measures how effectively a company uses its assets to generate profit, calculated as net income divided by total assets.

Profit Margin

a financial metric that shows the percentage of revenue remaining after all costs, expenses, and taxes have been deducted, indicating the efficiency and profitability of a company.