A Nation Will Achieve a Balanced Budget When

question 27

Multiple Choice

A nation will achieve a balanced budget when:

• A)the amount of savings equal the amount of borrowings from banks.
• B)the consumer price index is equal to the producer price index.
• C)imports are equal to its exports.
• D)total revenues raised by taxes equal the total proposed spending for the year.

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Definitions:

Charles Fourier

A French philosopher and social theorist known for his views on cooperative communities and the organization of society based on harmonious principles.

Nineteenth-Century

The period from 1801 to 1900, marked by widespread social, political, and industrial change around the world.

Robert Owen

A Welsh textile manufacturer, philanthropist, and social reformer, best known for his efforts to improve working conditions and the creation of utopian socialist communities.

Pragmatic Socialist

A pragmatic socialist is an individual or ideology focused on socialist principles but flexible in methods and strategies to achieve social and economic goals, embracing practical approaches over purely ideological ones.