What Do We Call a Proposal by the President to Cancel

question 16

Multiple Choice

What do we call a proposal by the President to cancel part of or all of the funds of a given appropriation already approved by the Congress?

• A) Rescission
• B) Recession
• C) Referral
• D) Deferral

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Definitions:

Worth

The value or importance of something, often measured in terms of money or utility.

Marginal Utility

The additional satisfaction or utility received by a consumer from consuming one more unit of a good or service.

Consumer Surplus

The divergence between the sum consumers are prepared and financially capable to pay for a good or service and the sum they actually disburse.

Marginal Utility

The extra pleasure or benefit received from using an additional unit of a product or service.