Under the War Powers Act,______

question 3

Multiple Choice

Under the War Powers Act,______.

• A) all involvement of troops overseas must be approved jointly by Congress and the president
• B) the president must inform the congressional leadership whenever troops die in combat
• C) the president must have the consent of Congress to commit troops to any military action
• D) the president must inform Congress when forces are ordered into hostilities
• E) the president does not have authority to use troops overseas unless Congress has made a declaration of war

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Definitions:

Net Social Gain

The overall benefit to society, created when the total value generated by an action exceeds the total costs associated with it.

Rent-Seeking Activities

Practices of gaining economic benefits without contributing to productivity, typically through manipulation of the political environment.

Monopoly Power

The exclusive control by one company over an entire industry or market, allowing it to dictate terms and prices without competition.

Welfare Loss

This refers to the decrease in economic efficiency that occurs when the equilibrium for a good or service is not achieved or is distorted by external intervention, leading to a loss of social surplus.