When Government Revenues Exceed Spending,that Is Called a

question 49

Multiple Choice

When government revenues exceed spending,that is called a

• A) negative surplus.
• B) budget surplus.
• C) budget deficit.
• D) balanced budget.

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Definitions:

Kant

Immanuel Kant, an 18th-century German philosopher renowned for his work in ethics, epistemology, and metaphysics, emphasizing duty, moral law, and the categorical imperative.

Mutual Benefit

An arrangement or action by which all parties involved gain or benefit, commonly used in contexts of legal agreements, business dealings, or cooperative efforts.

Free Market Ethics

Ethical principles that support or relate to the functioning of unregulated markets and the voluntary exchange between parties.

Milton Friedman

An influential American economist known for his advocacy of free markets, limited government, and a pioneering contributor to the fields of economics and statistics.