If the National Debt Is Owed Entirely to U

question 74

Multiple Choice

If the national debt is owed entirely to U.S.citizens,

• A)paying off the debt will necessarily stimulate growth.
• B)future interest payments on the debt are not a burden to the nation as a whole.
• C)future economic growth will necessarily be slowed.
• D)the debt constitutes a burden to these citizens.

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Definitions:

Partnership Agreement

A contract between business partners outlining the terms and conditions of their partnership, including responsibilities and profit sharing.

1976 RULPA

The Revised Uniform Limited Partnership Act of 1976, a set of laws adopted by various U.S. states to govern the formation, operation, and dissolution of limited partnerships.

1985 RULPA

The Revised Uniform Limited Partnership Act of 1985, a set of laws adopted by various states in the U.S. to govern the formation, operation, and dissolution of limited partnerships.

Uniform Partnership Act

A set of laws adopted by states in the United States to govern the formation, operation, and dissolution of partnerships.