How Many Appropriations Bills Must Congress Approve by the End

question 9

Multiple Choice

How many appropriations bills must Congress approve by the end of June to fund the national government each fiscal year?

• A) 6
• B) 10
• C) 12
• D) 16
• E) 26

---

Definitions:

Single Price Monopolist

A monopolist that charges all consumers the same price for its product, as opposed to practicing price discrimination.

Profit Area

The part of a business or market where the difference between revenue and costs is positive, indicating financial gain.

Government-Granted Monopolies

These monopolies exist when a government gives exclusive rights to a single firm or entity to provide a good or service, often to ensure stability or to control quality and pricing.

Willingness to Pay

The maximum amount an individual is prepared to sacrifice to procure a good or avoid something undesirable.