Operating Budgets Must Be Balanced in All but One State

question 62

True/False

Operating budgets must be balanced in all but one state but capital budgets, used for big purchases that must be paid for over time, typically run substantial deficits.

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Definitions:

Woodrow Wilson

The 28th President of the United States, serving from 1913 to 1921, known for leading the country through World War I and advocating for the League of Nations.

Trusts

Companies combined to limit competition.

Recall

A Progressive-era reform that allowed the removal of public officials by popular vote.

Historical Significance

The importance assigned to a past event, based on its impact on the present and its influence on or relevance to historical development or understanding.