Which of the following is true of the federal budget process in the U.S.?
a. Congress must approve a budget with at least a two-thirds majority vote
b. The federal budget must be balanced each year because the volume of international trade reduces if the government has a surplus or a deficit.
c. Most federal outlays are determined by existing laws.
d. Congress approves a budget that separates the capital budget and the operating budget.
e. Detailed budgeting allows the party in power to reward supporters.
c
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If Dell Computer Company could produce more computers at lower long-run average cost by increasing the quantity of all the inputs it uses, Dell definitely would experience
A) decreasing marginal returns. B) diseconomies of scale. C) increasing marginal returns. D) economies of scale.
Identify three things which affect the choices households make with respect to how much labor to supply?
What will be an ideal response?