If Outlays Exceed Revenues, the Government's Budget Balance Is ________

question 6

Multiple Choice

If outlays exceed revenues, the government's budget balance is ________, and the government has a budget ________.

• A)negative; deficit
• B)positive; surplus
• C)positive; deficit
• D)negative; surplus
• E)zero; surplus

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Definitions:

Since 1970

Refers to the period beginning in the year 1970, often used to denote significant social, economic, or technological changes from that time onward.

Incest Taboos

Social and cultural prohibitions against sexual relationships between certain relatives, considered universal across societies to prevent genetic disorders and social chaos.

Exogamy Rules

Social norms that dictate that marriage or mating must occur outside certain social, cultural, or familial groups.

Cultural Norms

Shared expectations and rules that guide behavior of people within social groups.