The Senate's Constitutional Power of Advice and Consent Extends to Which

question 22

Multiple Choice

The Senate's constitutional power of advice and consent extends to which of the following?

• A) the president's power to make treaties with foreign nations
• B) the president's power to make executive agreements
• C) the president's power to issue executive orders
• D) the president's power to issue pardons
• E) all federal court decisions regarding the separation of powers

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Definitions:

Long-Run Equilibrium

A state in which all firms in a perfectly competitive market achieve economic equilibrium, where no firm has an incentive to change its output and all adjustments have been made.

Excess Capacity

A situation where a firm is producing less than the maximum possible output due to insufficient demand or other factors.

Monopolistic Competition

A market structure characterized by many firms offering products that are similar but not identical, leading to competition on factors other than price.

Industry Entry

The process of a new company or business beginning operations in a particular market or industry.