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Suppose Congress imposes a price ceiling of $5 per ATM transaction.If the average market-clearing price for an ATM transaction is $2,the price ceiling will not be binding in this instance.
Diplomatic Recognition
The acknowledgment by one state of another's sovereignty and government, establishing formal diplomatic relations.
Nonpartisan
Not biased or linked to any political party, often referring to activities or organizations that aim for fair and impartial judgment.
Constitutionally Qualified
refers to having the qualifications required by the constitution for holding a specific public office or position.
Naturalized U.S. Citizen
An individual who was not born in the United States but has legally become a U.S. citizen through a process outlined by Congress.
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