A Specific Unit or Dollar Limit Applied to a Particular

question 89

Multiple Choice

A specific unit or dollar limit applied to a particular type of good is called a(n) :

• A) trade license.
• B) quota.
• C) asterisk bill.
• D) predatory price.
• E) exchange rate.

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Definitions:

Legislative Supremacy

The concept that the legislature is the supreme branch of government and its laws, within constitutional limits, are unchallengeable.

Bicameral Legislature

A legislative body composed of two separate chambers or houses, typically a lower house and an upper house.

Proportional Representation

An electoral system in which the number of seats won by a party or group of candidates is proportionate to the number of votes received.

Senate Representation

In the context of the United States, this refers to the principle of equal representation in the Senate, where each state, regardless of its population size, is represented by two Senators.