Multiple Choice
Future generations will have to pay interest on the current debt because:
A) it takes a long time to pay off debts
B) budget deficits are funded with borrowed money
C) the U.S. government never borrows money from foreign governments
D) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q2: If the GNP increases by 8% and
Q3: Adam Smith would approve of governmental support
Q4: Liberals and conservatives would agree to some
Q5: Total "laissez-faire" is impossible because:<br>A) the market
Q6: The American economy is shifting its work
Q7: In order to increase the GDP, it
Q8: The doctrine of "laissez faire" underlies all
Q9: A problem with laissez-faire economic policy is
Q10: Economists assume that households act as a
Q11: Although the American per capita income is