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☆☆☆☆☆the government gets money from the taxes people pay TAXES
A price ceiling protects the poorest consumers by keeping goods affordable.
parents
A budget reveals the spending plan for the fiscal year, as well as the government's financial priorities and goals.
it increases the tax as income rises
Constantly increasing
The president gives a proposed budget to Congress.
Congress decides on the details of the budget.
The president signs spending bills into law.
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The Office of Management and Budget (OMB) and the president prepare a proposed budget.
Congress decides on the overall level of spending and taxation and passes specific spending bills.
The president signs various spending bills into law.
Politicians might use pork barrel spending to win support from their constituents.
The public goods the government provides suffer from a free-rider problem.
Rationing
Complying with consumer protection regulations increases production costs and raises prices.
The passage of environmental protection laws results in higher prices.
when there is a budget surplus
Producers are driven by the profit motive to work against competition
The government limits freedom of speech when they use censorship.
higher prices
Private sector companies
A restriction on when a union may call a strike
A. Social security _ government agency
B. U.S. Postal Service _ government corporation
C. Boeing _ government contractor
Merit good : education
Public good : national security
Individual good : food
Organization of Petroleum Exporting Countries competition regulator
Lockheed Martin Corporation government contractor
Antitrust Division of the Department of Justice cartel
