A federal budget surplus
A. occurs when government expenditures exceed taxation.
B. occurs when government tax revenues and expenditures are equal.
C. causes the national debt to increase.
D. occurs when government expenditures are less than government tax revenues.
D. occurs when government expenditures are less than government tax revenues.
You might also like to view...
Refer to the scenario above. Which of the following shifts will increase the total cost?
A) Shift from apartment Close to Far B) Shift from apartment Far to Very Far C) Shift from apartment Very Close to Close D) Shift from apartment Very Far to Extremely Far
The table above gives the demand schedule for snow peas. The price elasticity of demand between $6.00 and $7.00 per bushel is
A) 1.0. B) 2.0. C) 2.6. D) 5.0.
Which of the following is consistent with the classical theory of growth?
A) permanent increases in real wages B) permanent growth in productivity C) rapid population growth in poor countries D) permanent increases in living standards
Because of China's growth, natural resources
A) are in greater demand, but that demand is mostly going to the previously industrialized nations so it is having little effect on economic development in developing countries. B) are in greater demand and the natural resources are increasingly coming from developing countries. C) prices are falling since China has tremendous negotiating power. D) are not in high demand since labor and capital are the emphasized inputs in Chinese manufacturing.