Examlex
The system of hiring and promotion based on the results of competitive tests, education, and other qualifications rather than politics and personal consideration was called the ______ system.
Additional Government Borrowing
The process by which the government incurs more debt through issuing bonds or taking loans to finance its expenditure beyond its income.
Higher Taxes
Refers to increased charges imposed by governments on individuals or entities' income, activities, or transactions.
U.S. Treasury Bonds
Long-term government debt securities issued by the United States Department of the Treasury with a maturity of more than 10 years.
Foreign Stock
refers to shares of a company based outside the investor's own country.
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