In the Wabash case (1886), the Supreme Court held that:
a. states cannot enact laws that interfere with interstate commerce.
b. states could restrict price-discrimination based on person, but not price-discrimination based on place.
c. states could regulate railroad rates on long-hauls, but not rates on short-hauls.
d. held that railroad practices could not be regulated by any federal or state governing body.
a. states cannot enact laws that interfere with interstate commerce.
Economics
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A change in the price of a product will change the supply of that product
Indicate whether the statement is true or false
Economics
In a fractional-reserve banking system, a bank
a. does not make loans. b. does not accept deposits. c. keeps only a fraction of its deposits in reserve. d. None of the above is correct.
Economics