According to Figure 14.5, under what circumstances should we expect to see budget surpluses?

a. when government spending is high
b. when taxes are low
c. when the economy is experiencing turbulence
d. when the economy is thriving

d

Political Science

You might also like to view...

Which of the following is not a key element of strong party government?

a. Parties are internally cohesive. b. Subcommittee chairs tend to be very powerful. c. Members’ party-line voting present clear alternatives to voters. d. Caucuses meet regularly to decide policy.

Political Science

External sovereignty implies

a. recognition by the international community of states b. acceptance by citizens of the state’s legitimate rulers c. democracy within the territory of the state d. sole authority to make and enforce laws and policies within a territory

Political Science