0
Rate this Study Guide:
☆☆☆☆☆A budget reveals the spending plan for the fiscal year, as well as the government's financial priorities and goals.
They create obligations normally applied to government agencies.
one of the circumstances for freedom of expression is censorship.
Government agencies are in the public sector while government contractors are in the private sector.
the Office of Management and Budget (OMB)
Government censorship
To protect workers
Environmental-protection laws can be bad for the economy because they may increase unemployment.
They are paid on international trade only.
a group of producers working together to raise prices and profits
Rationing
Labor intensive production is cheaper to do in countries with lower pay rates. In the US, there's a minimum wage, other places there isn't.
Some other textile tasks, like dyeing(which is often toxic), is cheaper to do in places with less environmental restrictions.
Cheap imports can force U.S. companies out of business.
Foreign countries often accept lower salaries and poorer working conditions, meaning stuff can be made cheaper there.
when there is a budget surplus
the president
for a similar question:
taking land to build an airport
Social security tax
the level of wealth
A restriction on when a union may call a strike
Merit good : education
Public good : national security
Individual good : food
