Conference Committees Are

question 44

Multiple Choice

Conference committees are

• A)permanent and involve members from both the House and the Senate.
• B)temporary and are created to take up an issue that falls between the jurisdiction of existing committees,to highlight an issue,or to investigate a particular problem.
• C)permanent and have the power to write and propose legislation.
• D)temporary,involve members from both houses of Congress,and are charged with reaching a compromise on legislation once it has been passed by both the House and the Senate.

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Definitions:

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually pay.

Producer Surplus

The difference between what producers are willing to accept for a good versus what they actually receive.

Ruby

A precious red gemstone made of corundum (aluminum oxide), prized for its color and brilliance.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount that they actually pay.