In Which Year Did the Federal Government Have a Budget

question 61

Multiple Choice

In which year did the federal government have a budget surplus?

• A) 1982
• B) 1989
• C) 1991
• D) 1999
• E) 2006

Assess the importance of family background, education, and individual achievements in determining occupational success and status.

Analyze the concepts of social and occupational mobility, including types and drivers of mobility.

Evaluate criticisms of traditional stratification studies, including considerations of part-time and unemployed workers, racial and gender representations.

Recognize how societal changes, such as shifts from agriculture to manufacturing, impact social mobility and the structure of classes.

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Definitions:

Production Function

A mathematical relationship expressing the maximum output that can be produced from a given set of inputs.

Commodity

An elementary good in the business sector that can be interchanged with others of a like kind.

Profit

The financial gain achieved when the amount earned from selling goods or services exceeds the costs associated with production or procurement.

Speeding Ticket

A penalty issued by law enforcement to drivers exceeding the legal speed limit.