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!


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
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
