A budget surplus is defined as the amount that the
A. government owes to lenders at any moment in time.
B. government spends in any time period.
C. government’s expenditures exceed receipts in any time period.
D. government’s receipts exceed expenditures in any time period.
Answer: D
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The first important law regulating monopolies in the United States was
A) the Clayton Act, which was passed in 1890. B) the Sherman Act, which was passed in 1890. C) the Grant Act, which was passed in 1890. D) the Federal Trade Commission Act, which was passed in 1914.
According to the classical approach, if planned savings increases,
a. the rate of interest will rise. b. the rate of interest will fall. c. planned investment will fall. d. planned consumption will increase.
Which of the following causes of unemployment is not associated with a wage rate above the market equilibrium level?
a. efficiency wages
b. job search
c. minimum-wage laws
d. unions
A structure that combines limited liability with the pass through taxation benefits of a partnership; the bumper of shareholders is not restricted nor is members participation in management
What will be an ideal response?