Identify the significance to U.S. public budgeting & finance

/in /by

Define and identify the significance to U.S. public budgeting & finance of the terms/concepts/cases below. please be define as possible each with at least half of page information.

–  politics                                           – PAYGO

–  market failure                               –  rational choice model of decision making

–  continuing resolution (CR)         –  executive budget system