Which statement best explains why budget deficits are common in advanced democracies?
a. The checks and balances system makes compromise on budgets necessary.
b. Legislatures allows the executive branch to take the lead in writing the budget.
c. Legislators approve spending in excess of revenues to benefit their constituents.
d. The voting public tends to discount the negative impact of a large national debt.
c
Political Science
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Cross-cultural differences and similarities in socialization can affect what is learned about politics
Indicate whether this statement is true or false.
Political Science
Which of the following terms are not considered formal stages of the budgeting cycle?
a. Fiscal audit b. Formulation c. Budget execution d. Adjudication
Political Science