Identify the Correct Statement About the Federal-State Balance

question 13

Multiple Choice

Identify the correct statement about the Federal-State balance.

• A) Socialism was the system devised by the nation's founders, in which power is shared between states and the federal government.
• B) Article III makes clear that federal courts are courts of unlimited power or jurisdiction.
• C) The only kinds of cases federal courts are authorized to deal with have strong federal connections.
• D) Federal courts have full jurisdiction over matters that are historically exclusively within the domain of state law.
• E) Citizens can go to a federal building or courthouse to get a marriage license, ask for a divorce, or probate a will.

---

Definitions:

Economic Efficiency

A condition in which every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.

Conglomerate Merger

The merger of two firms operating in separate industries or separate geographic areas so that neither firm is a supplier, customer, or competitor of the other; any merger that is neither a horizontal merger nor a vertical merger.

Price-Fixing

An illegal agreement among competitors to maintain prices at a certain level, preventing competition.

Antitrust Laws

Laws designed to promote competition and prevent monopolies, thereby protecting consumers from unfair business practices and ensuring a variety of goods and services in the market.