Congress's Power to Authorize Refers to

question 47

Multiple Choice

Congress's power to authorize refers to

• A) the power to oversee a federal program or agency.
• B) the power to allocate a set amount of funding for a program or agency.
• C) the power to provide for the common defense.
• D) the power to create a federal program or agency, and set funding levels.
• E) the power to check the executive branch of government through impeachment.

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Definitions:

Interest Rate

The interest rate is the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Capacity Utilization

A metric used to measure the rate at which potential output levels are being met or used in the production process.

Publicly Held Corporation

A company that sells its stocks or shares to the public on at least one stock exchange.

Gross Investment

The total amount spent on new fixed investment plus replacement investment, without accounting for depreciation.