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

You might also like to view...

Winner's curse is likely to happen in which of the following auctions?

A) unexplored oil reserves B) corn stored in a warehouse C) 1,000 ton of iron ore D) U.S. Treasury Bonds

Economics

A portrait photographer produces packages of 100 photos. If sales increase from 600 to 700 packages, total revenue increases from $1,200 to $1,400 . The marginal revenue per photo of the 700th package is

a. $200 b. $100 c. $20 d. $2 e. $1

Economics

The CPI is based on a representative group of goods called the market basket

Indicate whether the statement is true or false

Economics

Tariffs and quotas create a loss in social welfare because

A) producer surplus declines. B) revenues from tariffs are misspent. C) consumer surplus declines. D) All of the above.

Economics