When the Federal Budget Deficit Was Eliminated in the Late

question 112

Multiple Choice

When the federal budget deficit was eliminated in the late 1990s the

• A) Congress and President Clinton easily agreed on spending priorities.
• B) Congress and President Clinton still disagreed on spending priorities.
• C) federal government no longer faced any budgetary problems.
• D) federal government was able to satisfy all of its constituents.

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Definitions:

Externalities

Costs or benefits of a market activity borne by a third party; can be negative (costs) or positive (benefits).

Private Solutions

Solutions derived from individual or corporate initiatives without direct government intervention or subsidies.

Interested Parties

Individuals or groups that have a stake or interest in the outcome of a project, decision, or endeavor.

Benefit

An advantage, improvement, or gain received from a product or service, often considered in decision-making or evaluations of welfare.