When a Government Spends More Than It Collects in Taxes

question 79

Multiple Choice

When a government spends more than it collects in taxes, it runs a:

• A) trade deficit.
• B) trade surplus.
• C) budget surplus.
• D) budget deficit.

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Definitions:

Analytical Reasoning

The process of evaluating information to solve problems through logical thinking and analytical skills.

B. F. Skinner

An influential American psychologist known for his work in behaviorism and development of operant conditioning – a method of learning that occurs through rewards and punishments.

Reinforcement

In psychology, a process in which a behavior is strengthened or increased by a consequence, such as a reward or a removal of an unpleasant stimulus.

Shaping

An educational strategy where reinforcing actions that progressively mimic the sought-after behavior are employed.