The Physicians Group Has Sought Judicial Review in Federal District

question 14

Multiple Choice

The Physicians Group has sought judicial review in federal district court of an agency decision denying reimbursement under Medicare based on an interpretation of the law. What is the second step in the court's application of the Chevron standard?

• A)Was the agency's decision based on a permissible construction of the statute?
• B)Has Congress spoken directly to the precise question in issue?
• C)What does the legislative history say about Congress's intent?
• D)Are there common law precedents on this issue?

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Definitions:

Foreign Exchange Markets

Global decentralized or over-the-counter markets for trading currencies, determining the foreign exchange rates.

High Rates of Inflation

A situation where the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling, is significantly above the normal rate.

Rate of Inflation

The percentage increase in the price level of goods and services in an economy over a period of time, typically calculated annually.

U.S. Exports

Goods and services produced in the United States and sold to other countries, contributing to the country's GDP.