Which of the Following Statements About Government Deficit Spending Is

question 161

Multiple Choice

Which of the following statements about government deficit spending is most accurate?

• A) The federal government violates the law by running deficits because the U.S. Constitution requires the government to balance its budget each year.
• B) Although the government used to run big deficits, it has consistently run surpluses since the late 1980s.
• C) The government has used deficit spending to lower the national debt.
• D) One reason the government has a hard time reducing deficits is that there is a great deal of pressure on the government to expand its spending each year.

Identify key practices for addressing unethical behavior within an organization.

Comprehend the importance of ethical standards in a multicultural work environment.

Recognize the role of leadership in promoting ethical behavior in the workplace.

Understand the significance of sustainability in enhancing organizational innovation.

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Definitions:

Federal Excise Tax

A tax imposed by the federal government on the sale of certain goods and services, such as gasoline, alcohol, and tobacco.

Efficiency Loss

The loss of economic efficiency that can occur when the balance between supply and demand is not achieved or when market conditions lead to a misallocation of resources.

Marginal Benefit

The additional satisfaction or utility gained by consuming or producing one more unit of a good or service.

Marginal Cost

The increase in cost that results from producing one additional unit of a good or service.