President Nixon issued wage-price controls in an effort to stabilize the economy. This use of executive power was
a. an illegal usurption of legislative powers which belong to the Congress.
b. a valid use of power based on Article II of the Constitution.
c. a valid use of judicial power.
d. an illegal usurption of the regulatory powers of administrative agencies.
b
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Which of the following is a difference between the Federal Emergency Management Agency (FEMA) and the United States Coast Guard?
A. Unlike FEMA, the United States Coast Guard empowers front-line individuals to solve problems without waiting for superiors to give directions. B. Unlike the United States Coast Guard, FEMA is a less bureaucratic organization that takes into account the opinions of all employees before making a decision. C. Unlike the United States Coast Guard, FEMA is able to act swiftly even when a situation does not fit plans and the existing rules do not apply. D. Unlike FEMA, the United States Coast Guard cannot effectively move information up to decision makers in time.
Which of these techniques attempt(s) to help people appraise and cope with stressors in a more rational manner?
A. relaxation techniques B. catharsis C. free association D. cognitive-behavioral techniques E. self-hypnosis techniques
According to Milton Friedman, the social obligation of a corporation is to return as much money as possible to its shareholders
Indicate whether the statement is true or false
A commercial bank recognizes that its net income suffers whenever interest rates increase. Which of the following strategies would protect the bank against rising interest rates?
A. Buying inverse floaters. B. Entering into an interest rate swap where the bank receives a fixed payment stream, and in return agrees to make payments that float with market interest rates. C. Purchase principal only (PO) strips that decline in value whenever interest rates rise. D. Enter into a short hedge where the bank agrees to sell interest rate futures. E. Sell some of the bank's floating-rate loans and use the proceeds to make fixed-rate loans.