Examlex
________ is the process by which Congress "checks" the executive branch to ensure that laws are being administered in keeping with legislators' intentions.
Invisible Hand
A term coined by Adam Smith to describe how individuals' pursuit of self-interest in free markets leads to economic benefits for society as a whole.
Majority Voting System
A voting system in which decisions are made based on the preference of more than half of the voters, commonly used in elections and other decision-making processes.
Public Good
A good that is non-excludable and non-rivalrous, meaning individuals cannot be effectively excluded from use and where use by one individual does not reduce availability to others.
Majority Vote
A decision rule where the option that receives more than half of the votes wins, commonly used in elections and other decision-making processes.
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