All of the following about the U.S. deficit is true EXCEPT
a. Running a deficit—bringing in less than is spent—can be beneficial in the short run as it allows the government to borrow money to help stimulate the economy.
b. Unlike the national government, most state governments do not have the ability to continually run a large annual deficit.
c. The size of the national debt could slow national economic growth because it diverts money that could be spend on private sector activities.
d. In 2014, the national government will spend about $230 billion in interest on a national debt that is about $17.5 trillion.
e. The term national debt refers to the gap between income and expenditures run by the federal government.
e
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Twitter was utilized during the 2012 presidential election by
A) ?traditional network media outlets to document voting trends. B) ?Quinnipiac University to poll voters about their voting behavior. C) ?the Tea Party to rally voters for President Obama. D) ?older voters in support of candidates, rather than young voters under the age of 30. E) Mitt Romney to concede, which was re-tweeted over 7 million times.
Why was Egyptian President Mohamed Morsi overthrown in 2013?
a. He had seized power by force the year before. b. He was concentrating power in his hands and foes feared he was becoming a dictator. c. He had decided to abrogate the Egyptian-Israeli peace treaty. d. He was loathed by extreme Islamic groups that feared he would compromise the Islamic revolution.