Which Statement(s) Is/are TRUE? I

question 336

Multiple Choice

Which statement(s) is/are TRUE? I. The crowding-out effect can be mitigated if the funds from deficit spending are used for public investment.
II) The majority of the U.S. national debt is held by the foreign public and is owned by foreign banks, corporations, mutual funds, pension plans, and individuals.
III) It's always wise for a country to pay off its debt.

• A) I only
• B) I and II only
• C) II and III only
• D) I, II, and III only

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Definitions:

General Partner

A member of a partnership who has unlimited liability and is actively involved in the management of the partnership.

Limited Partnership

A form of partnership where there is at least one general partner (who assumes unlimited liability for the debt) and one or more limited partners (whose liability is limited to the amount they have invested).

Certificate of Limited Partnership

A legal document filed with a state governmental authority that establishes the existence of a limited partnership.

General Partner

An individual in a partnership who is fully liable and actively participates in the business's management.