The act that created a “pay-as-you-go” system that requires Congress to raise enough revenue to cover increases in direct spending
B. the 1990 Budget Enforcement Act
Question2 Every hour, the federal government spends about
B. $250 thousand
Explanation:
The act came as a response to the impending recession the western markets in the 1990 fiscal year which was to hit USA particularly hard. This came as a result of and in contrast with many conservative measures taken by the President George W Bush Sr up until that point.
The president had been saying till then that the opposition and the population could read his lips that there will not be new taxes.
It did happen though as this law allowed the government to increase taxation rates to cover governmental spending.
Answer:<em> Option (D) is correct </em>
Explanation:
To weaken the conclusion, the answer will emphasize on why Baurisia will not soon become an importer of grain.
Here, in this case if importing meat is cheaper than importing grain, then Baurisia is likely to satisfy the demand for meat by becoming an importer of meat, weakening the conclusion that Baurisia will soon become an importer of grain.
<em>Therefore , It is more economical for Baurisians to import meat than grain, if true, most seriously weakens the argument.</em>
Answer:
. A good whose demand decreases when income decreases
Explanation:
A normal good is a product whose demand increases as consumers' income increases. The demand may also increase as economic conditions in the country improve. Similarly, when income decrease, the demand also declines.
As people income increase, the purchasing power increase. They prefer more costly goods than give them more satisfaction. Increased income tends to make consumers abandon goods that offer less utility. Normal goods tend to be associated with customers in high-income.
Common stock
If a corporation has only one class of stock, it is referred to as Common stock.
<h3>What is a common stock?</h3>
- A security that symbolizes ownership in a firm is called common stock.
- Common stock owners choose the board of directors and cast ballots for corporate rules.
- Long-term rates of return are often higher with this type of stock ownership.
<h3>What is the name of common stock?</h3>
ordinary share
- The ownership of equity in a firm is represented by common stock, a category of securities.
- There are several words that are equivalent to the term "common stock," such as "common share," "ordinary share," or "voting share."
<h3>The benefits of common stock</h3>
- More so than bonds or cash, equity ownership offers the highest rate of return over the long term.
- Long-term returns on common stocks have exceeded 6% real, making them one of the finest ways to beat inflation.
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