The Idea That a Large National Debt Is "Mortgaging the Future

question 37

Multiple Choice

The idea that a large national debt is "mortgaging the future of our children and grandchildren" is misleading because:

• A) it is the Federal Reserve that will be responsible for making interest payments on the debt.
• B) future generations will have to bear the opportunity costs of the resources that are used today.
• C) future generations will not be liable for the interest obligations of the national debt.
• D) future generations will inherit the interest income as well as the interest obligations.

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Definitions:

Arrogant

A descriptor for an attitude of superiority manifested in presumptuous claims or assumptions.

Fallopian Tubes

Tubes that connect the ovaries to the uterus in the female reproductive system, where fertilization of the egg by the sperm usually occurs.

Infertility

Inability to conceive a child after 12 months of sexual intercourse without the use of birth control.

Obesity

A medical condition characterized by excess body fat that presents a risk to health, typically measured by BMI (body mass index).