A Public Debt That Is Owed to Foreigners Can Be

question 72

Multiple Choice

A public debt that is owed to foreigners can be burdensome because

• A) foreign interest rates are persistently higher than domestic interest rates.
• B) the payment of interest reduces the volume of goods and services available for domestic uses.
• C) the payment of interest will conflict with a nation's foreign aid programs.
• D) the payment of interest will necessarily have a deflationary effect on prices in the paying nation.

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Definitions:

Somatic Nervous Systems

A part of the peripheral nervous system involved in voluntary control of body movements through the action of skeletal muscles.

Glial Cells

Non-neuronal cells in the central and peripheral nervous system that support, protect, and provide a supportive framework for neurons.

Axons

Long, threadlike parts of nerve cells which transmit electrical impulses away from the neuron's cell body.

Myelin

A fatty substance that surrounds and insulates the axons of nerve cells, speeding up the transmission of electrical signals in the nervous system.