A presidential candidate vows to cut entitlement spending by 20 percent in the first few weeks that he is in office. Which of the following are likely reasons as to why the candidate could not achieve this reduction? Instructions: You may select more than one answer.

The budget process is usually a very slow process and reform takes time
This would generate a significant budget deficit.
Congress, not the president, controls entitlement spending. Entitlement spending is a discretionary type of spending.
Entitlement spending is mostly non-discretionary.
Entitlement spending is subject to FICA withholding.

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.