FTCE Pre-K Prekindergarten PK-3 Practice Exam

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Intrastate trade is solely within?

A state, so the state has jurisdiction over it
Multiple states, so federal jurisdiction applies
Countries, regulated by international laws
Chapters of local government

The correct answer is: A state, so the state has jurisdiction over it

Intrastate trade refers to the buying and selling of goods and services that occurs within a single state. This trade is governed by state laws rather than federal laws, which apply to interstate trade (trade between different states). Since intrastate trade is confined within the boundaries of one state, it falls under the jurisdiction of that state's regulations, allowing the state to establish its own rules and taxes related to such economic activities. This characteristic highlights the state's authority over intrastate economic matters. The other options do not accurately represent the concept of intrastate trade. Intrastate trade is not conducted between multiple states, nor does it pertain to international trade or local government chapters.