How Does the U

question 144

Multiple Choice

How does the U.S. Congress differ from the British parliamentary system?

• A) Congress is a less powerful body than the British Parliament.
• B) Individual members of Parliament have more freedom to vote their own best judgment than do members of Congress.
• C) Congress has more substantial powers independent of the executive than does the British Parliament.
• D) Congress has no control over treaties negotiated by the president, whereas the British Parliament has the power to reject treaties.
• E) Congressional party leadership is much stronger.

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Definitions:

Per Unit Tax

A tax levied on goods that is fixed in amount for each unit produced or sold.

Consumer Surplus

The gap in the total funds consumers are willing and financially prepared to allocate for a good or service, versus the funds actually allocated.

Producer Surplus

The difference between the amount producers are willing to supply a good for and the actual amount they receive when the good is sold.

Producer Surplus

The gap highlighting the difference between the initial asking price by sellers for goods or services and the ultimately received price.