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A ________ Veto Occurs When Congress Adjourns During a 10-Day

question 27

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A ________ veto occurs when Congress adjourns during a 10-day period after presenting the president with a bill and he or she takes no action.


Definitions:

Regulatory Commission

A government agency responsible for controlling and supervising specific industries to enforce standards and laws for public safety and welfare.

Natural Monopolist

A single supplier that can serve the entire market at a lower cost than two or more competing suppliers.

Maximum Price

A price ceiling set by the government to prevent prices from soaring to levels that are too high for most consumers to afford.

Profit-maximizing Level

The output level at which a firm achieves the highest profit, where marginal cost equals marginal revenue.

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