Which of the Following Will Increase the Fund Balance of a Government

question 70

Multiple Choice

Which of the following will increase the fund balance of a government at the end of the fiscal year?

• A) The sum of revenues and other financing sources is more than the sum of expenditures and other financing uses.
• B) Expenditures are more than the difference between revenues and the excess of other financing sources over other financing uses.
• C) Revenues are less than the sum of expenditures, other financing sources, and other financing uses.
• D) The sum of fund balance, revenues, and other financing sources is more than the sum of expenditures and other financing uses.

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Definitions:

Oligopolist X

A firm operating in an oligopoly market structure, characterized by a small number of firms dominating the market.

Marginal Revenue

The additional income generated from selling one more unit of a good or service.

Cartel Success

The effectiveness of a cartel, a group of independent market participants who collude to raise prices and restrict output, in achieving its objectives of maximizing the profits of its members.

Differentiated Product

A good or service that is distinct from its competitors through variation in design, function, or quality.