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.
According to the the Line Item Veto Act of 1996, the Act worked as follows: 1  Congress must first pass a bill that contains taxes or spending appropriations. 2  The president can then take the bill and point out which specific items he (or she) opposes and then sign and send the modified bill to Congress.