30. The Budget of the United States Government is officially submitted by a. the

ID: 1129565 • Letter: 3

Question

30. The Budget of the United States Government is officially submitted by

a. the President to the Congress and contains proposals for government expenditures

b. the Congress to the President and contains proposals for government expenditures

c. the President to the Congress and contains proposals for tax increases

d. the Congress to the President and contains proposals for tax increases

e. the President to the Congress and it is reviewed by the Supreme Court

31. Which of the following best illustrates the double coincidence of wants?

a. Both Tom and Jerry would like to purchase the same good.

b. Tom has something he's willing to trade to Jerry; Jerry has something he's willing to trade to Tom.

c. Tom and Jerry have very similar tastes; hence, Tom's wants coincide with Jerry's.

d. Tom has something he's willing to trade to Jerry, who wants it; Jerry has something he's willing to trade to Tom, who wants it.

e. Tom has something Jerry wants; Jerry has something Tom wants.

30. Ans: the President to the Congress and contains proposals for government expenditures

31. Ans: Tom has something he's willing to trade to Jerry, who wants it; Jerry has something he's willing to trade to Tom, who wants it.

These are definitions, so, need not required any explanation.

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