The State Auditor Is Appointed by and Serves at the Will

question 6

Multiple Choice

The state auditor is appointed by and serves at the will of the

• A) Texas governor.
• B) secretary of state.
• C) Legislative Budget Board.
• D) Legislative Audit Committee.

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Definitions:

Consumers

Individuals or households that purchase goods and services for personal use.

Total Surplus

The sum of consumer surplus and producer surplus, representing the total net benefit to society from the production and consumption of a good or service.

Free-market Equilibrium

A state in a free market where supply equates demand without any government intervention, allowing prices to be set naturally.

Consumer Surplus

The difference between the total amount consumers are willing to pay and the total amount they actually pay for a good or service.