The President's budget is presented to Congress:
a. in the form of the Economic Report of the President

b. in a report followed shortly by the Economic Report of the President.
c. at the beginning of the fiscal year.
d. in a report that should be voted up or down within 60 days.
e. in a report that requires a two-thirds vote for ratification.


b

Economics

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Merchant banks and land mortgage companies were the result of the expansions in the transportation and industrial systems

Indicate whether the statement is true or false

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If a firm decides to stop its sales agents from pricing too aggressively to make sales by requiring the agent to obtain permission to reduce price below a specific threshold, and the manager only has one source of information, the sales agent, the solution would

a. Work b. Not work c. Work in all circumstances d. None of the above

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What is meant by the term "excess capacity" as it relates to monopolistically competitive firms?

Economics

The above figure depicts the Edgeworth box for two individuals, Al and Bruce. Point a is NOT Pareto efficient because

A) Al's MRS exceeds Bruce's MRS. B) the point is not near the center of the box. C) Al's indifference curve is not far enough away from the origin. D) All of the above.

Economics