On the Notion of the Balanced Budget Amendment, Economists Are

question 68

Multiple Choice

On the notion of the Balanced Budget Amendment, economists are

• A)apathetic.
• B)unanimously in favor of a rigid requirement of budget balance.
• C)unanimously against a rigid requirement of budget balance.
• D)mostly against a rigid requirement of budget balance.

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Definitions:

Production Possibility Frontiers

An illustration indicating the peak output capabilities for two items, using certain inputs like resources and additional elements.

Wheat

A cereal grain that is a worldwide staple food, grown in numerous varieties.

Cattle

Large domesticated bovines raised for their milk, meat (beef), or hides.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision or choosing an option over another.