Which of the Following Is Not an Explanation of Why

question 108

Multiple Choice

Which of the following is not an explanation of why the Gramm-Rudman-Hollings Act proved inadequate in reducing the deficit?

• A)The Supreme Court declared the automatic mechanism for budget cuts unconstitutional.
• B)Congress wasn't willing to cut spending enough.
• C)Congress controls only the cyclical portion of government spending.
• D)Congress wasn't willing to increase taxes enough.

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Definitions:

Fixed Assets

Long-term tangible assets held for business use and not expected to be converted to cash in the current or upcoming fiscal year, such as land, buildings, and machinery.

Sole Proprietorship

A type of enterprise owned and run by one person, with no legal distinction between the owner and the business entity.

Life Span

The duration of time for which an organism, object, or service is expected to function or remain operational.

Taxes

Mandatory financial charges imposed by governments on individuals, corporations, and transactions to fund public expenditures.