Which of the Following Is a Reason Given in the Text

question 33

Multiple Choice

Which of the following is a reason given in the text to support a limited state role in federalism?

• A) Too much state power can create a "race to the bottom."
• B) State governments tend to lack imagination in solving pressing national problems.
• C) State governments tend to be more fiscally irresponsible and rarely balance their budgets.
• D) Most governors have little formal power and therefore cannot lead state government as effectively as can the president of the United States.
• E) Too much state power can create problems for interstate commerce.

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Definitions:

Control Account

An account used in the general ledger to summarize and keep track of transactions relating to a specific aspect of a company's finances, such as accounts receivable or payable.

General Ledger

A comprehensive record of all financial transactions within an organization, serving as the foundation for a company's financial statements.

Cash Payments Journal

A financial journal that records all cash outflows or payments made by a business, including expenses, debt payments, and purchases.

Credit To Cash

A transaction in accounting where a credit sale is paid off, converting receivables into cash.