A government budget deficit is
A. all federal government debt irrespective of who owns it.
B. an excess of government spending over government revenues during a given time period.
C. the total value of all outstanding federal government securities.
D. a situation in which the government's spending is exactly equal to the total taxes and other revenues it collects during a given time period.
Answer: B
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A. one quarter B. half C. three quarters D. one third
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A. Automobile exhaust fumes. B. Unfair pricing behavior by a monopoly. C. Eating a sandwich at a local deli D. Unemployment.
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A. domestic consumers are harmed and domestic firms benefit. B. domestic firms benefit. C. domestic consumers are harmed. D. domestic firms are harmed.
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A. 4 B. 9 C. 25 D. 75