Examlex
Which statement is FALSE regarding the vport?
Deficit Spending
The practice of spending more money than is received in revenue, typically referring to government spending that exceeds its receipts.
Opportunity Cost
The expense incurred by not selecting the second best choice while making a decision or opting among alternatives.
Debt Default
The failure to meet the legal obligations of a loan, such as not making scheduled payments on time.
U.S. Federal Budget
The government's estimate of revenue and spending for a fiscal year that is proposed by the President and approved by Congress.
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