Of the Approximately ________ Bills Introduced During the 111ᵗʰ Session

question 38

Multiple Choice

Of the approximately ________ bills introduced during the 111ᵗʰ session of Congress,fewer than ________ were made into law.

• A)10,000/5 percent
• B)12,000/50 percent
• C)15,000/3 percent
• D)19,000/1 percent
• E)20,000/10 percent

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Definitions:

Consumer Surplus

The distinction between what consumers are willing and financially able to pay for a good or service versus the actual payment they make.

Vending Machine

An automated machine that provides items such as snacks, beverages, cigarettes, or lottery tickets to consumers after money, a credit card, or a specially designed card is inserted into the machine.

Consumer Surplus

The difference in the collective amount that consumers are poised and able to expend on a product or service and the amount they actually expend.

Consumer Surplus

The gap between the price consumers are prepared to pay for a product or service and the amount they end up spending.