Why is it unconstitutional for a state government to ban products imported from a foreign country, even if the country engages in activities that are not condoned by that state?

What will be an ideal response?


The Commerce Clause of the U.S. Constitution gives the federal government the exclusive power to regulate commerce with foreign nations. This is referred to as the Foreign Commerce Clause. Direct and indirect regulation of foreign commerce by state or local governments that unduly burdens foreign commerce violates the Commerce Clause and is therefore unconstitutional. The federal government could enact a law that forbids another country from doing business in the United States if that country engages in activities that are not condoned by the United States. A state, however, could not enact a law that forbids a foreign country from doing business in that state if that country engages in activities that are not condoned by that state.

Business

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On May 1, Cedar Inc purchases $150,000 of 10-year, Knox Corporation 8% bonds dated March 1 at 100 plus accrued interest. What entry would Cedar record when receiving its semiannual interest on March 1?

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Which pair of accounts has the same set of rules for debit and credit entries?

A) Service revenue and Rent expense B) Dividends and Retained earnings C) Equipment and Salaries expense D) Accounts receivable and Accounts payable

Business

Positioning refers to the activities a firm undertakes to create a certain perception of its product in the eyes of the target market.

Answer the following statement true (T) or false (F)

Business

Prepare journal entries to record the following merchandising transactions of Margin Company, which applies the perpetual inventory system and the gross method of recording invoices. Margin Company offers all of its credit customers credit terms of 2/10, n/30.May 1Purchased merchandise from Craft Company for $7,800 under credit terms of 1/10, n/30, FOB shipping point, invoice dated May 1.May 2 Purchased merchandise from Bow Company for $10,600 under credit terms 2/05, n/20, FOB destination.May 4 Paid $300 cash for the freight charges on the May 1 purchase of merchandise.May 5 Received an $800 credit memorandum from Craft Company for the return of part of the merchandise purchased on May 1.May 6 Paid Bow Company the balance due within the discount period.May 11 Paid Craft Company the

balance due within the discount period. What will be an ideal response?

Business