The Powers of the President as Outlined in the Constitution

question 32

Multiple Choice

The powers of the president as outlined in the Constitution are

• A)briefly stated and comparatively vague.
• B)extensively and specifically described.
• C)more elaborately described than the powers of Congress.
• D)specific enough to avoid disagreement over their extent.
• E)very similar to the powers of a parliamentary executive.

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Definitions:

Income Effect

Refers to the change in the quantity of a product demanded by consumers due to a change in their income.

Price Sensitivity

The degree to which the price of a product or service affects consumers' purchasing behaviors or demand for that product or service.

Elastic

Describes a situation in economics where the demand or supply for a product changes significantly when its price changes.

Inelastic

Refers to a market for a product or service that is price insensitive; that is, relatively small changes in price will not generate large changes in the quantity demanded.