Question: Need some help with these practice questions, no working out needed, thanks! Question 25 The national debt is unlikely to cause national bankruptcy because the:

Need some help with these practice questions, no working out needed, thanks!

Need some help with these practice questions, no working out needed, thanks!Question 25 The national debt is unlikely to cause national bankruptcy because

Question 25 The national debt is unlikely to cause national bankruptcy because the: O national debt cannot be shifted to future generations for repayment. O interest on the public debt equals GDP. O national debt can be refinanced by issuing new bonds. O federal government cannot refinance the outstanding national debt. Question 26 "He who pays a tax should receive the benefit from the expenditure financed by the tax." This statement reflects which of the following principles for a tax? O Fairness of contribution. O Inexperience-to-collect. O Ability-to-pay. O Benefits-received.Question 27 With regard to the national debt, to whom does the federal government owe money? 0 Investors who buy us. Treasury bills, bonds, and notes. O Federal government workers. 0 Taxpayers. O The Federal Reserve System. Question 28 In the United States, the money supply (M1) consists of: 0 coins, paper currency and checkable deposits. 0 paper currency and coins. 0 government bonds, currency, checkable deposits, and traveler's checks. 0 paper currency, coins, checkable deposits, and savings deposits

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