Author Question: For the U.S. federal government, discretionary expenditures refer to A) spending on entitlement ... (Read 101 times)

KWilfred · **on:** Jun 29, 2018

For the U.S. federal government, discretionary expenditures refer to

A) spending on entitlement programs.
B) spending on imports and exports.
C) spending on interest on federal debt.
D) spending that must be authorized by Congress each year.

Question 2

As part of its proposal to win the 2012 Olympics, London developed a carbon offset plan to reduce the Games' impact on the environment. In 2011, the organizers decided to drop this plan to reduce emissions. We can conclude that

A) the marginal cost of reducing emissions exceeded the marginal benefits of reducing emissions.
B) the organizers are not making a rational decision.
C) the organizers are ignoring a sunk cost.
D) there are no incentives to reduce carbon emissions.
E) it is difficult to calculate the cost of reducing emissions.

tandmlomax84 · **Reply #1 on:** Jun 29, 2018

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