The Australian Federal Budget Was in Surplus During The

question 90

Multiple Choice

The Australian federal budget was in surplus during the:

• A)early 1990s.
• B)early- to mid-2000s.
• C)mid-1970s.
• D)early-1980s.

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Definitions:

Quantity Demanded

The overall volume of a product or service that consumers are ready and capable of buying at a certain price.

Quantity Supplied

The overall quantity of a product or service that suppliers are prepared to offer for sale at a certain price during a defined time frame.

Demand Increase

A rise in the quantity of a product or service that consumers are willing and able to purchase at a given price over a certain period of time.

Usury Laws

Regulations that impose a maximum interest rate that can be charged on loans to prevent excessive and unfair interest rates.