Author Question: Which of the following correctly describes the national debt? a. The excess of annual federal ... (Read 107 times)

notis · **on:** Jun 30, 2018

Which of the following correctly describes the national debt?
a. The excess of annual federal expenditures over annual federal tax revenues.
b. Annual federal expenditures less annual federal tax revenues plus foreign U.S. bonds purchases.
c. The total amount of money owed by the federal government.
d. None of the above.

Question 2

Which of the following is the correct name of the free-trade agreement between Mexico, the U.S., and Canada?
a. The American Free Trade Agreement (AFTA).
b. The North American Free Trade Agreement (NAFTA).
c. The Pacific Free Trade Agreement (PFTA).
d. The Trans-American Free Trade Agreement (TAFA).