The Main Problem with Running a Large Debt Is That

question 31

Multiple Choice

The main problem with running a large debt is that ______.

• A) the interest we will have to pay on the debt continues to grow, squeezing out other needs
• B) a growing portion of debt is owned by foreigners (including other countries)
• C) we will have less money available to fund growing programs like Medicare and Social Security.
• D) all of these

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Definitions:

Competing Venture

A business or project undertaken by an entity that is in direct competition with another enterprise in the same market segment.

Additional Compensation

Extra payment or remuneration provided to an employee or contractor beyond their basic salary or fees, often for achieving specific targets or for extra duties.

Small Partnerships

Business arrangements involving a limited number of partners collaborating in a venture, typically characterized by less regulatory requirements and personal liability.

Unanimous Partners' Agreement

A legal agreement among all partners in a business, requiring complete agreement on any decision or action.