Which of the Following Is Most Likely to Be Harmed

question 67

Multiple Choice

Which of the following is most likely to be harmed by a large national debt?

• A) an individual currently receiving Social Security benefits.
• B) a member of the labor force who will retire in the next ten years.
• C) a college graduate who is entering the labor force for the first time.
• D) a forty-year old homemaker.

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Definitions:

Long-Term Debt

Borrowings by a company not due for payment in the next fiscal year, often used for significant projects or investments.

Accounts Receivable

Funds that customers owe to a business for products delivered or services rendered but have not been paid for yet.

Inventory

The raw materials, work-in-progress products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.

Auction Markets

Markets where buyers bid for products or services, with the highest bidder winning the item, such as stock exchanges.