Executive Privilege

question 39

Multiple Choice

Executive privilege

• A) involves the ability of the president and executive branch officials to withhold certain information from Congress and the courts.
• B) means that members of the executive branch cannot be prosecuted for official acts.
• C) is the concept that has been applied to the president's use of the pocket veto.
• D) allows the president discretion in making political appointments.
• E) was ruled unconstitutional by the Supreme Court in 1974.

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Definitions:

Marginal Cost

A rise in the cumulative expenses associated with the production of an extra unit.

Economic Rent

Extra income earned by a factor of production due to its limited supply or unique properties, over and above its opportunity cost.

Output Tax

A tax levied on the quantity of production or output generated by a company, as opposed to income or profit.

Perfectly Elastic

An economic term describing a situation where the quantity demanded or supplied changes infinitely in response to any change in price.