The government has a budget surplus if
A) its total revenues are equal to its total expenditures.
B) its total revenues are less than its total expenditures.
C) its total revenues are greater than its total expenditures.
D) the money supply is less than total expenditures.
Answer: C) its total revenues are greater than its total expenditures.
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Assume the market is in equilibrium in the graph shown at demand D and supply S1. If the supply curve shifts to S2, and a new equilibrium is reached, which of the following is true?
A. Consumer surplus increases, but producer surplus decreases.
B. Consumer surplus decreases, but producer surplus increases.
C. Both consumer and producer surplus increase.
D. Both consumer and producer surplus decrease.
Demand-pull inflation happens during periods of full employment in the business cycle when demand for goods and services is growing faster than supply
a. True b. False Indicate whether the statement is true or false
Many governments actively work to:
A. attract foreign direct investment, hoping it will build up their capital stock when domestic savings aren't sufficient. B. attract foreign direct investment, so that when foreign companies invest in local firms, they can transfer human capital to local managers. C. discourage foreign direct investment, in an effort to encourage locals to invest in their own economy. D. discourage foreign direct investment, in an effort to avoid "crowding out."
Checks written by the firm and not yet cleared represe
a. payment float b. availability float c. net float d. cash in hand e. none of these