Author Question: The sum of public spending on goods and services and transfer payments during a given period cannot ... (Read 75 times)

DyllonKazuo · **on:** Jun 29, 2018

The sum of public spending on goods and services and transfer payments during a given period cannot exceed tax revenues plus borrowed funds. This is the statement for

A) ad valorem taxation.
B) an excise tax.
C) a sales tax.
D) the government budget constraint.

Question 2

What type of relationship does the law of demand demonstrate?

A) direct
B) positive
C) inverse
D) static