5: Why is it important that both the President and Congress work together to make the US Federal budget?
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1 point
They do not, for the President creates and enforces the budget alone
Because they work together very easily and can get it done quickly
Because they make sure that the government never shuts down because of political disagreements
Because they represent the American people in different ways, and the budget is the plan of how the Federal government will collect and spend the American people’s taxpayer dollars

6:How does government borrowing impact the US economy?
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1 point
It allows the Federal government to pay for things even when the government has a deficit, which increases the public debt
It allows the Federal government to gain a surplus for the fiscal year, which means more Americans have more money to spend
It allows the Federal government to not rely on taxpayer dollars
It has no impact on the US economy

7:To help the failing car making industry, the US Government decides to get rid of regulations that control how much pollution a car is allowed to produce, which makes it cheaper to make cars and allows car companies to make more money. The hope is this will lead car companies to make more and cheaper cars. This is an example of:
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1 point
Demand Side Economics
Command Economy
Supply Side Economics
Fiscal Policy

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Tundexi Tundexi · Answer 1 · 2022-06-08T12:01:59+02:00

5. The branch work together to make the US Federal budget because they both represent the American people in different ways.

This refers to the federal plan of how the Federal government will collect and spend the American people’s taxpayer dollars.

Hence, the president will create the bill while the legislative (congress) will assess and approve them.

Therefore, the Option A is correct.

The government borrowing has no impact on the US economy

Therefore, the Option D is correct.

Its holds that the increasing the supply of goods translates to economic growth for a country.

Hence, the hope that this car companies will make more and cheaper cars is an example of Supply-side economics.

Therefore, the Option C is correct.