Which of the Following Officials May NOT Be Removed by the President

question 40

Multiple Choice

Which of the following officials may NOT be removed by the president?

• A)Secretary of state
• B)FCC commissioner
• C)Head of the EPA
• D)Attorney general
• E)Secretary of defense

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Definitions:

Long-Run Equilibrium

A state in which all factors of production and costs are variable, and firms make no economic profit or loss.

Long-Run Average Cost Curve

A graphical representation showing the minimum average cost of producing any given level of output when all inputs, including capital, are variable.

Short-Run Average Cost Curve

A graphical representation that shows how the average cost of production changes with varying output levels in the short term.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, leading to a decreased cost per unit.