Which of the Following Is Not a Proper Description of a Stage

question 52

Multiple Choice

Which of the following is not a proper description of a stage through which a Bill must successfully pass in order to be passed by the Lower House?

• A)The first reading, a formal reading of the Bill's title by the Clerk of the House.
• B)The second reading, where the Minister delivers an explanatory speech, proceedings are adjourned for members to consider the Bill and the Bill is debated when the House resumes sitting.
• C)The committee stage, where the Bill is considered by a committee of House members usually comprised of members from each of the major political parties.The Chair of the committee then advises the House about the Bill.
• D)The third reading stage, where members are allowed full debate and given an explanatory memorandum to assist their understanding of the Bill.

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Definitions:

Productive Efficiency

A situation where goods and services are produced at the lowest possible cost and resources are utilized most effectively.

Allocative Efficiency

A state of resource allocation where goods and services are distributed according to consumer preferences and in a way that maximizes social welfare.

Marginal Cost

The uptick in cost associated with producing an extra unit of a product or service.

Allocative Efficiency

A state of the economy in which production represents consumer preferences; in other words, every good or service is produced up to the point where the last unit provides a benefit to consumers exactly equal to the cost of producing it.