Concerning a Balanced Budget,all of the Following Statements Are Correct

question 100

Multiple Choice

Concerning a balanced budget,all of the following statements are correct EXCEPT:

• A) A balanced budget does not mean an end to the federal debt.
• B) The federal government has rarely balanced its budget during the last 50 years.
• C) Balanced budgets will result in lower interest rates to all private borrowers.
• D) A balanced budget is achieved when all tax receipts equal all spending in a particular year.

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Definitions:

Court Decree

A formal and authoritative order issued by a legal court, often finalizing a judgment.

Specific Performance

A legal remedy requiring a party to perform a specific act, usually in fulfillment of a contract.

Statute Of Limitations

A law prescribing a period of limitation for the bringing of certain types of legal action.

Civil Wrongs

Acts or omissions that cause harm or loss to another person, and are the basis for a lawsuit in civil court, distinct from criminal acts.