Which of the Following Statements About the National Debt Has

question 155

Multiple Choice

Which of the following statements about the national debt has the most validity?

• A)Our large national debt can bankrupt the nation.
• B)If only Americans hold the debt, then payments of interest and principal are simply transfers from some Americans to other Americans.
• C)Our large national debt can lead to subjection by the people (especially foreigners) who hold the debt.
• D)The national debt represents a burden to future generations who will have to make huge payments of interest and principal.

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Definitions:

Overpaid

Describes a situation where an individual receives compensation that is considered excessively high for the work performed or the position held.

Higher Order Needs

In Maslow's hierarchy, these refer to psychological and self-fulfillment requirements such as esteem and self-actualization.

Self-Actualisation

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Psychological Contracts

An unwritten agreement between employees and employers regarding mutual expectations.