What Is the Organizational Structure of Congress? Describe Some of the Main

question 14

Essay

What is the organizational structure of Congress? Describe some of the main differences between the House and the Senate. What are some of the leadership positions in both houses, and what are their functions? What are some of the types of committees? What role do political parties play in the distribution of congressional power?

Understand the purpose and application of the National Ambient Air Quality Standards.

Identify the variety of environmental regulatory strategies (e.g., taxes, permissible limits, technology standards).

Recognize the role of state and federal entities in environmental protection and regulation.

Comprehend the principles behind technology-driven and technology-forcing regulations.

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Definitions:

Diseconomies of Scale

A situation where, as a firm's production scales up, the costs per unit increase, contrary to economies of scale.

Long-run Total Costs

The total costs incurred by a firm when all factors of production are variable, and the firm can change its scale of operation.

Opportunity Cost

The expense incurred by not choosing the second-best option available during the decision-making process.

Bank Loan

A sum of money borrowed from a bank that must be repaid with interest over a set period.