The United States' National Debt

question 37

Multiple Choice

The United States' national debt

• A) is approximately $100 billion.
• B) is the amount the government owes foreign nations.
• C) has been declining in absolute terms since World War II.
• D) is composed of bonds, notes, and other government I.O.U.s of various kinds.
• E) has been steadily increasing in relation to national output since World War II.

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Definitions:

Snap Judgments

Quick decisions or opinions formed on the basis of first impressions or insufficient information, often influenced by biases and stereotypes.

Class Statuses

Different levels of social hierarchy or prestige within society that are determined by factors such as wealth, occupation, education, and family background.

Everyday Class Consciousness

The awareness of one's own social class and that of others in daily life, affecting interactions and perceptions.

Class Statuses

The ranking or hierarchy of social positions or statuses within a society based on factors like wealth, education, and occupation.