Compared to Most Other Countries That Also Have Two Chambers

question 8

Multiple Choice

Compared to most other countries that also have two chambers in the legislative body, one significant characteristic of the U.S. Congress is that ________________________.

• A) the two legislative houses are about equal in power
• B) its members are better paid
• C) the U.S. Congress may remove the president from office
• D) it works at a rapid pace in enacting important legislation
• E) it has total control over the executive branch

Understand the concept of marginal benefits and marginal costs in decision-making.

Understand the concept of opportunity cost and how it influences economic decisions.

Recognize the secondary effects of economic policies and individual choices.

Comprehend the economic way of thinking regarding how incentives and marginal changes influence behaviors.

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Definitions:

Direct Materials Quantity Variance

The difference between the actual quantity of materials used in production and the expected amount, valued at the standard cost.

Per-unit Standards

Benchmark cost measures for the production of one unit of a product, covering all relevant costs of production.

Gallons

A unit of volume used primarily in the United States to measure liquids.

Materials Variance

The difference between the expected cost of direct materials and the actual cost incurred.