Scenario 4-1 In a Given Year, Country a Exported $12 Million Worth

question 52

Multiple Choice

Scenario 4-1
In a given year, country A exported $12 million worth of goods to country B and $6 million worth of goods to country C; country B exported $4 million worth of goods to country A and $7 million worth of goods to country C; and country C exported $5 million worth of goods to country A and $2 million worth of goods to country B.
-When the government's spending is less than tax revenue, it implies that:

• A)the government budget is balanced.
• B)the government is running a deficit.
• C)there is a budget surplus.
• D)there is a higher chance of default by the government.
• E)the government needs to borrow from the central bank.

---

Definitions:

Technological Safeguards

Security measures implemented to protect information and communications technology systems from unauthorized access or harm.

Physical Safeguards

Measures intended to protect electronic systems, equipment, and data from physical harm or intrusion.

Privacy-Invasive

Actions or technologies that intrude upon individuals' privacy by collecting, using, or disseminating their personal information without consent.

Federal Court of Canada

A national court that deals with matters specified by federal law, including immigration, intellectual property, and maritime law.