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Which answer suggests that private markets can be effective in dealing with external costs and benefits?
Executive Branch
The branch of government responsible for enforcing laws and policies, typically headed by the president or prime minister at the national level.
U.S. Senate
One of the two houses of the United States Congress, composed of senators from each state who serve six-year terms, with responsibilities including legislation and oversight of the government.
Administrative Law
The collection of rules and decisions made by administrative agencies to fill in particular details missing from constitutions and statutes.
Substantive Rules
Laws that define, describe, regulate, and create legal rights and obligations, as opposed to procedural laws that dictate the methods through which these rights and obligations are enforced.
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