The Budget of the United States Government is officially submitted by:
a. the President to Congress and contains spending and revenue proposals for the upcoming fiscal year.
b. Congress to the President and contains spending and revenue proposals for the upcoming fiscal year.
c. the President to Congress and contains proposals for tax revenues
d. Congress to the President and contains proposals for tax revenues.
e. the President to Congress and is reviewed by the Supreme Court.
a
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Because of the large current account deficits accumulated by the United States since 1981, the United States has become a
A) nation with no official reserves. B) balanced nation. C) broke nation. D) creditor nation. E) debtor nation. The table above gives data on the U.S. balance of payments in 2019.
If an additional dollar spent on monitoring would reduce shirking by 10 minutes, then the firm will increase the worker's wage by $1 if this caused
A) shirking to increase by less than 10 minutes. B) shirking to decrease by more than 10 minutes. C) shirking to decrease by less than 10 minutes. D) monitoring to become unnecessary.
In competitive markets a surplus or shortage will:
a. Cause buyer and seller reactions which tend to intensify the surplus or shortage b. Never exist c. Cause buyer and seller reactions which tend to eliminate the surplus or shortage d. Cause shifts in the demand and supply curves
Refer to the information provided in Figure 6.14 below to answer the question(s) that follow.
Figure 6.14Refer to Figure 6.14. If the price of an ice cream cone is $2, Jason's income is
A. $75. B. $250. C. $300. D. indeterminate because the price of ice cream sandwiches is not given.