Government officials of Country Z estimate that next year's public programs will cost $19 million but that tax revenues will be only $15 million. The officials could avoid a deficit next year by adopting which of the following fiscal strategies?
A. Increase taxes by $4 million.
B. Borrow $4 million by issuing new government bonds.
C. Reduce the cost of public programs by $4 million.
D. All of these strategies will avoid a deficit.
Answer: D
You might also like to view...
Checks received from customers are considered to be cash in the company's books
a. True b. False Indicate whether the statement is true or false
What was hindering Vodaphone’s ability to remain a viable competitor, innovator, and leader in their market?
a. lack of training and development b. employee turnover c. the culture of the organization d. the competitive environment
The document that directs the defendant to appear in court and answer the complaint is the:
A) Complaint. B) Summons. C) Answer. D) Cross-claim.
A ______ is a form of check in which the bank is both the drawer and the drawee
a. real check b. bank check c. cashier's note d. credit check e. none of the other choices are correct