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
You might also like to view...
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.
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
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
The CPI is based on a representative group of goods called the market basket
Indicate whether the statement is true or false