When the House and Senate Pass Differing Versions of a Bill,they

question 9

True/False

When the House and Senate pass differing versions of a bill,they are sent to a conference committee to iron out differences between the versions before final passage by both Houses.

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Definitions:

Autarky

An economic condition or system in which a country is self-sufficient and does not engage in international trade.

Consumer Surplus

The gap between the maximum sum consumers are ready to pay for a product or service and the sum they ultimately spend.

Autarky

This is a situation where a country or region is self-sufficient and does not engage in international trade with other countries.

Employee Retirement Income Security Act

A federal law that sets minimum standards for most voluntarily established retirement and health plans in private industry to provide protection for individuals in these plans.