What Power Gives the Senate the Ability to Shape the Federal

question 105

Multiple Choice

What power gives the Senate the ability to shape the federal judiciary far into the future?

• A)advice and consent
• B)oversight
• C)rescission
• D)unanimous consent

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Definitions:

Long-Run Equilibrium

A state in which supply and demand are balanced, and all firms in the industry are earning normal profits in the long term.

Short-Run Equilibria

A market condition where supply and demand are balanced, but only temporarily as external factors can soon alter this balance.

Demand Increases

A situation where the quantity of a good or service that consumers are willing and able to purchase at a given price rises.

Competitive Market

A market structure characterized by a large number of buyers and sellers, where no single entity has the power to significantly influence market prices.