A Large Public Debt Would Not Bankrupt the Federal Government

question 386

True/False

A large public debt would not bankrupt the federal government, because it can refinance the debt or
increase taxes to pay the debt.

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Definitions:

Phrenology

A debunked theory suggesting that the shape and size of the skull could determine personality traits and mental abilities.

Behavior Genetics

An area of research dedicated to understanding how behavioral traits are shaped by genetic and environmental contributions.

Philosophy

The study of the fundamental nature of knowledge, reality, and existence, especially when considered as an academic discipline.

Reproductive Success

The passing on of genes to the next generation in a way that they too can pass on those genes.