Economics

To provide money for government programs

it increases the tax as income rises

Constantly increasing

Government censorship

Environmental-protection laws can be bad for the economy because they may increase unemployment.

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.

Normal Trade Agreement

Tariffs and embargos are trade restrictions.

The pressure to make profits is increased.

The passage of environmental protection laws results in higher prices.

Censorship limits freedom of expression. It also limits the right of TV viewers, art viewers, or book readers to choose the content they want to take in.

higher prices

A restriction on when a union may call a strike

cutting taxes

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

Issue bonds

Organization of Petroleum Exporting Countries competition regulator

Lockheed Martin Corporation government contractor

Antitrust Division of the Department of Justice cartel