Profit Is the Payment Received by Resource Owners for the Use

question 83

True/False

Profit is the payment received by resource owners for the use of their capital.

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Definitions:

Pocket Veto

A legislative maneuver by which a president or governor may indirectly veto a bill by taking no action on it, and if Congress adjourns during the time allowed for the bill's signing, the bill dies.

Legislative Session

An official period of time designated by a legislative body to conduct its business, including the passing of laws and other legislative activities.

Presidential Veto

is the power of the President to reject a bill passed by Congress, preventing it from becoming law unless Congress votes to override the veto.

Presidential Vetoes

The power of the President to reject a bill passed by the Congress, which can be overridden only by a two-thirds majority in both houses.