What Was the Main Financial Problem That the Government of Greece

question 209

Multiple Choice

What was the main financial problem that the government of Greece faced in 2009?

• A)It had a large budget surplus that it needed to invest, but it was unable to find investments that offered a high rate of return.
• B)It had a large budget surplus, but the president vetoed attempts to use the surplus to give tax refunds to the citizens.
• C)It had a large budget deficit, but the parliament refused to raise transfer payments to reduce the deficit.
• D)It had a large budget deficit, but most of its creditors were unwilling to make loans to Greece or charged extremely high interest rates to compensate them for the risk of loss.

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Definitions:

Equity

The principle of fairness or justice in the way people are treated, including the distribution of resources or treatment based on needs and merits.

Over Benefited

A condition in which an individual perceives receiving more from a relationship or exchange than they contribute to it.

Under Benefited

A feeling or situation where an individual perceives they are receiving less reward than they deserve compared to others.

Overbenefited

A situation where one receives more benefits or resources than what is fair or deserved.