A Formal Rulemaking by an Administrative Agency Is Appropriate When

question 3

Multiple Choice

A formal rulemaking by an administrative agency is appropriate when an agency's enabling legislation .

• A) or other congressional directives do not require another form
• B) states that all rules must be enacted by the agency as part of a formal hearing process that includes a complete transcript
• C) or other congressional directives state that the agency must promulgate regulations
• D) provides an opportunity for all interested parties to submit written comments

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Definitions:

Economists

Experts in the study of economics, focusing on the distribution, consumption, and production of goods and services.

Net Exports

The value of a country's total exports minus its total imports; a positive value indicates a trade surplus, while a negative value indicates a trade deficit.

Gross Savings

The total amount of savings generated within an economy, including personal, business, and government savings, before accounting for depreciation.

Net Investment

The total spending on new capital minus the replacement of depreciated capital, indicating the actual increase in a company's or nation's capital stock.