For the U.S. federal government, discretionary expenditures refer to
A) spending on entitlement programs.
B) spending on imports and exports.
C) spending on interest on federal debt.
D) spending that must be authorized by Congress each year.
D
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Assume a market is producing efficiently. Which type of government intervention in this market might create a deadweight loss?
i. a price ceiling ii. a price floor iii. a price support A) i only B) i and ii C) iii only D) ii and iii E) i, ii, and iii
If demand is perfectly elastic, the absolute value of the price elasticity coefficient is
A) one. B) infinity. C) zero. D) equal to the absolute value of the slope of the demand curve.
Two of the three largest banks in the world are located in
A. the United States. B. Japan. C. Germany. D. the United Kingdom.
An excess demand for euros will cause a depreciation of the euro.
Answer the following statement true (T) or false (F)