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Describe and discuss the different powers of the president. Specifically, define the differences between the president's expressed, implied, delegated, and inherent powers and provide an example of each. What are some of the checks placed on these powers by the other branches of government? What was the framers' vision of the office of president?
Government Failure
A situation where government intervention in the economy creates inefficiency and leads to a misallocation of resources.
Federal Money
Funds provided by the federal government, often to support state or local projects, policies, or to provide social services.
Incentive-based Regulation
A regulatory approach that uses rewards or penalties to motivate entities to perform in ways that align with policy goals or regulatory standards.
Command-and-control Regulation
Regulatory approach where the government sets specific standards or limitations on the activities of businesses, often related to environmental or safety measures.
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