Which of the Following Is a Reason Why Government Debt

question 18

Multiple Choice

Which of the following is a reason why government debt is different from individual debt?

• A)Government has fewer sources of income to finance its debt than individuals.
• B)Government cannot create money to finance its debt.
• C)Government debt can be owed to foreigners, unlike the debt of individuals.
• D)Government is ongoing, individuals are not.

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Definitions:

Nova Scotia

A province located on Canada's southeastern coast, known for its maritime heritage and natural beauty.

Fossil Fuels

Natural resources, such as coal, oil, and natural gas, formed from the ancient remains of organisms, used primarily for energy but contributing to climate change.

Global Warming

the phenomenon of increasing average air temperatures near the Earth's surface over the past one to two centuries due to greenhouse gases.

Acid Rain

Is a form of precipitation whose acidity eats away at, and eventually destroys, forests and the ecosystems of lakes.