Drawbacks of the federal government budget process include:
a. the use of continuing resolutions that reward last year's programs without adequate review of performance.
b. Congress having too much control over the budget
c. a short review period for Congress that results in poor choices in funding programs.
d. Congress having to approve a budget with at least a two-thirds majority vote.
e. the President having too much power to cancel any proposed expenditure without the possibility of a Congressional override.
a
Economics
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In the figure above, what is the equilibrium price and quantity?
What will be an ideal response?
Economics
The point where the indifference curve is tangent to the budget line
A) is the best affordable point. B) is where the marginal rate of substitution exceeds the relative price by as much as possible. C) is a point on consumer's demand curve. D) All of the above answers are correct.
Economics