All of the Following Describe Omnibus Legislation EXCEPT

question 49

Multiple Choice

All of the following describe omnibus legislation EXCEPT:

• A) Leadership task forces may be used in place of committees.
• B) a large bill covering several topics.
• C) the inclusion of pork-barrel projects.
• D) A supermajority is required for passage in both houses.
• E) Creative strategies are often used to guide the bill to passage.

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Definitions:

Monopolistic Competitive Industries

Industries characterized by many firms offering slightly differentiated products, where each has some degree of market power.

Market Power

The ability of a firm or group of firms to raise and maintain prices above the level that would prevail under competition.

Positive Profits

Earnings that exceed the costs and expenses incurred to generate those earnings.

Price Elastic

Refers to the sensitivity of the quantity demanded of a good to a change in its price; high elasticity indicates that demand varies significantly with price.