According to Article I of the Constitution, a Proposed Piece

question 9

Multiple Choice

According to Article I of the Constitution, a proposed piece of legislation requires a ________ in both the House and Senate to become law.

• A) simple majority of votes
• B) three-fifths majority vote
• C) two-thirds majority vote
• D) three-quarters majority vote
• E) unanimous vote

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Definitions:

Least Cost

A strategy or approach that minimizes expenses while achieving a specific objective.

Total Surplus

The sum of consumer surplus and producer surplus, representing the total net benefits to society from the production and consumption of goods.

Producer Surplus

The difference between the amount producers are willing to sell a good for and the actual higher amount they receive by selling it at the market price.

Ticket Scalping

The practice of buying tickets to an event and reselling them at a higher price, often done illegally or in a gray market.