Author Question: When tax revenue is higher than government expenditures, the government incurs a _____. A) private ... (Read 59 times)

CBme · **on:** Jul 14, 2018

When tax revenue is higher than government expenditures, the government incurs a _____.
A) private debt
B) trade gap
C) budget surplus
D) fiscal deficit

Question 2

The U.S. government imposes a tax on imported automobiles from Japan, Korea, Germany, and other foreign nations to increase government funds. This is best described as a(n)
A) protective tariff.
B) revenue tariff.
C) dumping duty.
D) import quota.
E) excise tax.