Asked by Yulia Novikova on May 25, 2024
Verified
Every state but ____________ is legally obligated to balance its budget.
Legal Obligation
A requirement by law for an individual or entity to follow certain conduct or make certain payments.
Balance Budget
A financial plan or policy where total revenues are equal to or greater than total expenditures.
- Understand the fiscal responsibilities and constraints of state governments, including the necessity to balance budgets.
Verified Answer
SB
Learning Objectives
- Understand the fiscal responsibilities and constraints of state governments, including the necessity to balance budgets.