The proposition that opportunity cost, the value of foregone production, increases as the quantity of a good produced increases. This fundamental economic principles can be seen in the production possibilities schedule and is illustrated graphically through the slope of the production possibilities curve.
Senate Passes Government Funding Bill. 940. WASHINGTON -- The Senate passed the $1.1 trillion government funding bill Saturday night that will keep Uncle Sam in business through next September, while handing lucrative Christmas presents to Wall Street and political parties.
A Bill - see Appropriation Bill. Act - the proper term for a bill after it is enacted into law. Also, a term used to refer to a group of laws addressing a particular subject, such as the Nebraska Affordable Housing Act. Agenda - a daily order of legislative business set by the Speaker.