The Legislature Passes a Law Specifying That It Is Illegal

question 51

Multiple Choice

The legislature passes a law specifying that it is illegal to put "unsafe levels of toxins" into rivers. They leave it to the bureaucracy to determine what constitutes unsafe. In this case the bureaucracy has _______ power.

• A) review
• B) executive
• C) legislative
• D) rule-making

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Definitions:

Gain From Trade

The increase in utility or benefit that entities receive from trading goods or services with each other, often as a result of specialization and efficiency.

Barrels

A unit of measure for oil and other petroleum products, equal to 42 US gallons.

Absolute Advantage

The ability of an individual, company, or country to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.

Production Possibility Frontiers

A curve depicting all maximum output possibilities for two or more goods, given a set of inputs.