The Modern Congress Is Different from the Nineteenth Century Congress

question 34

Multiple Choice

The modern Congress is different from the nineteenth century Congress in that most members

• A)are now professional politicians who want to stay in Congress.
• B)are now amateur politicians who want only to spend a short time in Congress.
• C)are now minorities or women.
• D)now have previously been governors of their home states.
• E)return to their respective state legislatures after their congressional service is over.

Comprehend the effect of surge pricing on market dynamics.

Identify and explain determinants of market demand and supply.

Explain the difference between a change in supply (or demand) and a change in the quantity supplied (or demanded).

Understand the rationing function of prices in a market.

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Definitions:

Future Holder

A future holder refers to an entity or individual who will hold a right, position, or property at a future date.

Fee Simple Absolute

An ownership interest in which the holder has exclusive rights to ownership and possession of the land to the holder; the most comprehensive type of estate.

Conditional Estate

A type of property ownership that is subject to certain conditions or requirements being met.

Condition

A provision in a contract or agreement that stipulates a specific event or action must occur before the contract is considered effective or a duty is triggered.