14) The largest expenditure component of the federal budget is spending on 14) A

Question

14) The largest expenditure component of the federal budget is spending on 14) A) foreign aid. C) environmental protection programs B) the military D) entitlement programs. 15) Are federal budget deficits related to trade deficits? 15) A) No. The budget deficit is entirely a domestic matter while the trade deficit only affects US. citizens who travel abroad. B) Yes. As deficit spending goes up, it is likely govenment borrowing will, too. Then foreign residents who lend funds to the US. government have less to spend on our goods, so U.S exports will fall. C) Yes, but only if the quality of U.S. goods and services is deteriorating D) Yes. If U.S. consumers buy too many imported goods they don't have money to save and a budget deficit results. 16) Politicians have suggested that the budget deficit could be reduced by 16) A) forbidding interest payments on government bonds outsourcing. B) increasing taxes and reducing expenditures. C) imposing higher tariffs on imported goods D) lowering the interest rates. B-2

Explanation / Answer

14) Government spending's majority of the chunk goes to military spending as strengthening the defense from foreign forces is of utmost importance.

So b) the military.

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