The Net National Debt Is Smaller Than the Gross National

question 34

Multiple Choice

The net national debt is smaller than the gross national debt because

• A)some debt is held by foreigners.
• B)some debt is held by U.S.citizens.
• C)some debt is held by government agencies.
• D)the government does not have to pay all of the debt.

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Definitions:

Labor Unions

Organizations formed by workers to advocate for their collective interests in wages, benefits, working conditions, and labor policies.

Company Unions

Labor organizations that are controlled by the employer rather than independently run by the workers, often seen as a way to prevent independent unionization.

Worker Controlled Unions

Labor organizations that are directly governed and operated by their members, ensuring their interests and concerns are central to union activities.

National Labor Union

An early labor federation in the United States, established in the 1860s, aimed at bringing together various labor unions to advocate for workers' rights.