Though Congress May Delegate Power to the Bureaucratic Agencies, Congress

question 34

Multiple Choice

Though Congress may delegate power to the bureaucratic agencies, Congress does not normally give open-ended power, and it does not relinquish all power. The process of retaining ultimate authority is called

• A) auditing.
• B) congressional prerogative.
• C) congressional oversight.
• D) partial delegation.
• E) retention.

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Definitions:

Diminishing Marginal Utility

The decrease in satisfaction or usefulness obtained from each additional unit of consumption.

Inferior Good

A type of good for which demand decreases as the income of the consumer increases, due to the availability of more desirable substitutes.

Diminishing Marginal Utility

The principle that as a person consumes more of a good, the satisfaction gained from consuming an additional unit decreases.

Comparative Advantage

The ability to produce a good at a lower opportunity cost than others can produce it. Relative costs determine comparative advantage.