The Argument That the National Debt Imposes a Burden on Future

question 82

Multiple Choice

The argument that the national debt imposes a burden on future generations becomes more compelling as

• A)the percentage of the national debt held by foreigners rises.
• B)tax rates rise.
• C)interest rates fall.
• D)debt service payments (interest) rise.

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Definitions:

General Contractor

A principal contractor who is responsible for the oversight of a construction project, managing subcontractors, and the coordination of the work on site.

Deed of Trust

A legal document that secures a real estate transaction by transferring the title of the property to a trustee until a loan is paid in full.

Party

A person or entity involved in a legal transaction or case; can also refer to one side of a contractual agreement.

Notice of Lien

A legal document filed to indicate that a claim of ownership has been placed on a property due to unpaid debts.