An Example of an Executive Agency Is the Small Business

question 46

True/False

An example of an executive agency is the Small Business Administration.

---

Definitions:

Consumer Surplus

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

Deadweight Loss

An economic inefficiency arising when the balance for a product or service fails to be attained or is unattainable.

Tax

A necessary financial assessment or some other type of taxation levied upon a taxpayer by a government entity, intended to fund the expenditure of government and various allotments for public services.

Consumer Surplus

The distance between the total consumers are ready to contribute financially to a good or service and what they eventually pay.