The Two Ways in Which Deficit Spending Can Impose a Burden

question 104

Multiple Choice

The two ways in which deficit spending can impose a burden on future generations are

• A) by requiring future generations to face higher taxes and to work with a lower accumulated stock of capital goods.
• B) by requiring future generations to face lower government spending and to utilize a smaller stock of human capital.
• C) by substituting private goods for public goods and thereby shifting resources to foreign residents.
• D) by substituting private goods for public goods and thereby benefiting only large businesses.

Describe the mechanism and examples of memory interference, including proactive and retroactive interference.

Understand the demographic shifts in the U.S. population as reflected by census data.

Recognize the significance of reference groups in shaping individual identity.

Identify the impacts of bicultural and multicultural identities on personal development.

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Definitions:

Moral Consent

The agreement or acceptance of certain moral principles or behaviors by an individual or group, often considered a basis for social cohesion.

Power

The ability or capacity to influence or control the behavior of others, the course of events, or the distribution of resources within a social or organizational setting.

Authority

The recognized power or right of an individual or organization to make decisions, direct others, and enforce obedience.

Socioeconomic Status

Combines data on income, education, and occupational prestige in a single index of a person’s position in the socioeconomic hierarchy.