[Answered] If spending is lower than revenue, the government incurs a budget deficit and must borrow money to ...

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Author Question: If spending is lower than revenue, the government incurs a budget deficit and must borrow money to ... (Read 123 times)

Zoey63294

Hero Member
Posts: 539

on: Jul 14, 2018

If spending is lower than revenue, the government incurs a budget deficit and must borrow money to cover the shortfall.

Indicate whether the statement is true or false

Question 2

The United States buys automobiles from Japan and Germany and petroleum products from many OPEC nations. The United States thus engages in
A) dumping.
B) tariffing.
C) importing.
D) exporting.
E) deficit trading.

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Kaytorgator

Sr. Member
Posts: 345

Reply #1 on: Jul 14, 2018

Answer to Question 1

False

Answer to Question 2

C

Zoey63294

Hero Member
Posts: 539

Reply #2 on: Jul 14, 2018

Kaytorgator

Sr. Member
Posts: 345

Reply #3 on: Jul 14, 2018

Happy to Help

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Author Question: If spending is lower than revenue, the government incurs a budget deficit and must borrow money to ... (Read 123 times)

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