Figure 4-18 -Refer to Figure 4-18.At a Price of $4,there Is a of $4,there

question 153

Multiple Choice

Figure 4-18

-Refer to Figure 4-18.At a price of $4,there is a

• A) surplus of 3 units.
• B) surplus of 6 units.
• C) shortage of 3 units.
• D) shortage of 6 units.

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Definitions:

Classifications of Agencies

Classifications of agencies refer to the categorization of different types of agency relationships based on authority, nature of work, and the legal implications involved.

Cabinet-Level Departments

Major administrative units in the executive branch of the U.S. government, each headed by a Secretary who is a member of the President's Cabinet.

Executive Agencies

Federal agencies headed by appointed officers and responsible for enforcing laws and regulations within specific areas overseen by the executive branch of government.

Independent Agencies

Government bodies that operate independently of executive departments, often with regulatory or oversight functions.