The Federal Debt

question 54

Multiple Choice

The federal debt

• A)is the current total of all that the government owes.
• B)is the sum of all past government budget deficits minus all past surpluses.
• C)never needs to be completely repaid because the government will continue in operation indefinitely and will simply refinance the debt forever.
• D)has all these characteristics.

Identify the impacts of government actions on their own currency.

Recognize the historical context of international business structures.

Understand the implications of currency strength or weakness on international trade.

Analyze the benefits and risks of direct investment in international markets.

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Definitions:

Unrestricted Submarine Warfare

A type of naval warfare in which submarines attack merchant ships without warning, as practiced by Germany in both World Wars.

Allied Supply Shipments

The transportation and delivery of military and humanitarian supplies by the Allied nations to their forces and occupied territories during times of conflict, particularly noted in World Wars I and II.

American Mobilization

the process wherein the United States prepares and organizes its military and civilian resources for war or national defense, notably during World War II.

Wilsonian Ideals

based on President Woodrow Wilson's principles, promote democracy, capitalism, and national self-determination, shaping U.S. foreign policy in the 20th century.