Without Sufficient Oversight and Controls from Congress, Bureaucratic Agencies Are

question 59

True/False

Without sufficient oversight and controls from Congress, bureaucratic agencies are likely to drift away from the preferences of their congressional and White House creators, and toward the preferences of agency leadership.

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Definitions:

Chicago School

An economic viewpoint emphasizing free-market principles and the reduction of government involvement in the economy, especially noted for its influence in antitrust law.

Antitrust Enforcement

The regulation and enforcement of laws to promote competition and prevent monopolies and other practices that restrain trade.

Economic Efficiency

A situation where resources are allocated in such a way that maximizes the production of goods and services, minimizing waste and inefficiency in an economy.

Sherman Act

A landmark federal statute in the U.S. that prohibits monopolistic practices and promotes competition among businesses.