In the Absence of a Challenge, an Agency Action May

question 55

True/False

In the absence of a challenge, an agency action may be "arbitrary, capricious, an abuse of discretion, or otherwise not in accordance with the law."

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Definitions:

Consumer Goods

Products and services that are purchased by individuals for personal consumption and satisfaction.

Technological Improvements

Enhancements or advancements in technology that increase production efficiency, product quality, or introduce new goods and services.

Full Employment

A situation in which all available labor resources are being used in the most economically efficient way, typically characterized by the absence of cyclic unemployment.

Production Efficiency

A level of production in which the economy can no longer produce additional amounts of a good without lowering the production level of another product.