What Is the Purpose of the Sunset Advisory Commission in Texas

question 18

Multiple Choice

What is the purpose of the Sunset Advisory Commission in Texas?

• A) It reviews state agencies every twelve years to see if they are still needed.
• B) It administers state programs for the elderly.
• C) It oversees the retirement of state bureaucratic workers.
• D) It runs the Texas Chamber of Commerce.

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Definitions:

Efficient

Refers to a situation where resources are utilized in the best possible manner to produce desired outcomes without wasting materials, energy, or time.

Government Intervention

Actions taken by a government to influence or regulate different aspects of its economy.

Coase Theorem

Suggests that if property rights are clearly defined and transaction costs are low, parties will negotiate to solve externalities on their own.

Externalities

Costs or benefits that affect a party who did not choose to incur that cost or benefit, often leading to market failures.