Which budgetary approach requires the budget agency to adopt a policy role, is characterized by a systematic policy-making style, and has a scope that includes inputs, outputs, effects, and alternatives?
a. Incremental budget making
b. Line-item budgeting
c. Performance budgeting
d. Planning-programming budgeting (PPB)
e. Zero-base budgeting (ZBB)
ANS: D
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With respect to its position in the international economy, the United States __________.
A. has had a trade deficit since the early 1980s B. is as strong relative to other countries as it was in the 1950s C. has had high unemployment since the mid-1990s D. was once the world's leading debtor state, but is now the leading lender state
What method does Rodrik state should be used to create a new global financial order?
a. a large global tax on financial transactions b. a smaller IMF with decreased influence on developing nations c. an international financial charter focused on encouraging financial transparency d. international responsibility for regulating leverage and supervising financial markets
A government ruled by a small number of powerful elites over the majority is referred to as a(an):
a. totalitarian government.
b. representative democracy.
c. Oligarchy.
d. theocracy.