The Government Would Be Running a Budget Surplus If

question 53

Multiple Choice

The government would be running a budget surplus if

• A) government spending were lower than consumer spending.
• B) tax revenues were less than government spending.
• C) it imported less from abroad than it exported.
• D) government spent less than it collected in taxes.

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Definitions:

Feedback System

A loop system where outputs of a process are fed back as inputs, influencing the ongoing operation of the system. This concept is widely applied in biological, mechanical, and social systems.

CCK

Cholecystokinin, a hormone that stimulates the digestion of fat and protein.

Sensory Specific Satiety

This refers to the reduction in appetite or desire to continue consuming a specific food after a certain amount of it has been eaten, without diminishing the appetite for different foods.

Ziegarnik Effect

The tendency to remember uncompleted or interrupted tasks more easily than tasks that have been completed.