Which of the following is not a reason for changes in the politics of the budget process over the past forty years?

a. The changing composition of government spending toward social services.
b. The increasing size of budget deficits.
c. The increasing federal debt.
d. The move away from incrementalism in the budgetary process.

c

Economics

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A current account deficit is

A) good because a country wants to own the others. B) bad because every country should have a surplus. C) good because it allows to smooth consumption. D) it does not matter.

Economics

The Latin expression Ceteris paribus means:

a. everything else being equal. b. economic model. c. economists are partly right. d. partial scarcity is certain.

Economics