The annual shortfall between federal revenues and expenditures is known as which of the following?
a. the balance of payments
b. the budget deficit
c. the expenditure difference
d. the trade deficit
Question 2
How might rallying events affect presidential politics?
a. Rallying events lead to drops in presidential approval ratings, making passage of their agendas more difficult.
b. Rallying events may energize the party base but have no significant effect on mainstream presidential politics.
c. Rallying events make presidents more politically cautious because of concerns that the gatherings may alienate moderates.
d. Rallying events tend to temporarily increase presidential approval ratings, providing windows of opportunity to press for action on their agendas.
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