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.
How an Idea Becomes a Law. Either house may originate any type of legislation, however the processes differ slightly between houses. A legislator sponsors a bill, which is referred to one or more committees related to the bill's subject. The committee studies the bill and decides if it should be amended, pass, or fail. If passed, the bill moves to other committees of reference or to the full house. The full house then votes on the bill.