The fundamental limitation on public expenditures during a specific time interval is expressed by
A. the governing political party.
B. the size of the tax base.
C. the government budget constraint.
D. no such limitation exists.
Answer : C. the government budget constraint.
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Net exports are
a. total exports minus total imports b. what foreigners earn in the United States minus what US citizens earn abroad c. always positive because the United States has always had a positive trade balance. d. total imports minus total exports e. total exports minus depreciation
When other nations Orient "dump" products on the U.S. market, they
a. sell at prices that do not cover costs of production. b. sell at prices lower than prices charged to their own domestic customers. c. expect the United States to help pay any industrialists' losses. d. All of the above are true.
Opponents of the minimum wage point out that the minimum wage
a. encourages teenagers to drop out of school. b. prevents some workers from getting needed on-the-job training. c. contributes to the problem of unemployment. d. All of the above are correct.
Which of the following is an example of capital?
A) a gravel truck B) a savings account C) a share of General Motors stock D) a lake