Which of the Following Is True About Administrative Agencies

question 2

Multiple Choice

Which of the following is true about administrative agencies?

• A) They rarely have the power to both issue regulations and investigate when such regulations have been violated.
• B) They may make regulations that are advisory in nature, but cannot make regulations that have the force of law.
• C) They are, in theory, part of the executive branch of government, but they may also perform legislative and judicial functions.
• D) They never adjudicate disputes involving the statutes they are charged with enforcing.

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Definitions:

Indifference Curves

A graphical representation showing combinations of two goods that give a consumer equal satisfaction and utility, reflecting preferences.

Perfect Substitutes

Goods or services that can be used in exactly the same way, such that the consumer is indifferent between one and another.

Perfect Complements

Goods that are consumed together in fixed proportions, where the use of one item increases the value or necessity of the other.

Indifference Curves

Graphical representations in microeconomics showing combinations of two goods among which a consumer is indifferent, indicating equal utility.