In the United States, the bicameral concept of shared representation is exemplified by the House of Representatives, whose 435 members look after the interests of all residents of the states they represent, and the Senate, whose 100 members (two from each state) represent the interests of their state governments. A similar example of a bicameral legislature can be found in the English Parliament’s House of Commons and House of Lords.
Regulatory economics is the economics of regulation. It is the application of law by government or independent administrative agencies for various purposes, including remedying market failure, protecting the environment, centrally-planning an economy, enriching well-connected firms, or benefiting politicians.
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Hitler announced that Germany would no longer obey the Treaty of Versailles.
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