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Question
Which provision in the U.S. Constitution blocks the erection of trade barriers between neighboring states?
a. No State shall, without the consent of Congress, lay any imposts or duties on imports or exports.
b. . . . nor shall private property be taken for public use, without just compensation.
c. The Congress shall have power to lay and collect taxes, duties, imposts and excises.
d. The judicial power of the United States shall not . . . extend to any suit in law or equity, commenced or prosecuted against one of the United States by citizens of another state.
e. The powers not delegated to the United States by the Constitution . . . are reserved to the States respectively.
Answer
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Related questions
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Q:
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What is the long-run consequence of a price ceiling law?
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b. A surplus will continue to exist and will grow smaller over time.
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Suppose Solomon lives in a community with no price controls. What do you expect will happen if his town borders a community where there is a binding price ceiling on most products?
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Q:
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a. Demand for jelly will increase along with the price.
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Q:
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