Author Question: When the government's expenditures exceed its tax revenues, the budget A) has a deficit and the ... (Read 109 times)

BRWH · **on:** Jun 29, 2018

When the government's expenditures exceed its tax revenues, the budget

A) has a deficit and the national debt is increasing.
B) has a surplus and the national debt is increasing.
C) is balanced and the national debt is increasing.
D) has a deficit and the national debt is decreasing.
E) None of the above because by law the government's expenditures cannot exceed its tax revenue.

Question 2

Laws and courts tend to make markets work ________ and make society ________.

A) less effectively; poorer
B) less effectively; richer
C) more effectively; poorer
D) more effectively; richer