Biennial budgets have replaced the annual budget process for the federal government
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Legislators often have difficulty passing legislation with widespread benefits, but that imposes concentrated costs because those who bear the costs will __________ the legislation, while those who would reap the benefits will __________ the legislation
a. protest; actively support b. not protest; not actively support c. not protest; actively support d. protest; not actively support e. protest; protest
In the last few decades, there has been:
A. very little growth in free trade worldwide. B. no growth in free trade worldwide. C. a decline in free trade worldwide. D. great growth in free trade worldwide.
The statement that "there is no such thing as a free lunch" means:
A) there are no tradeoffs between economic goals. B) any production requires the use of scarce resources, and thus the sacrifice of another alternative. C) choices need not be made in rational behavior. D) scarcity only exists in poor societies.
Refer to Figure 6.6, which shows a market for taxi medallions. If the number of taxi licenses is reduced from Q2 to Q1, the total surplus of the market is represented by:
A. area ABF. B. area ABF + area BCFG. C. area ABF + area BCFG + area CDGH. D. area ABF + area BCFG + area CDGH + area DEH.