An Executive Order Must Be

question 52

Multiple Choice

An executive order must be

• A) published in the Federal Register.
• B) approved by Congress.
• C) approved by a majority of the cabinet.
• D) issued only when Congress is not in session.
• E) avoided in matters concerning foreign policy.

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Definitions:

Consumer Surplus

The difference between what consumers are willing to pay for a good or service versus what they actually pay, representing the economic benefit to consumers.

Domestic Sellers

Businesses or individuals within a country who sell goods or services domestically.

Producer Surplus

The contrast between the price at which producers are willing to sell a good or service and the price they actually secure.

Producer Surplus

The difference between the amount a producer is willing to accept for a good and the actual amount received due to higher market price.