Incurring an Internal Debt to Finance a War Does Not

question 48

Multiple Choice

Incurring an internal debt to finance a war does not pass the cost of the war on to future generations because:

• A)the opportunity cost of wartime expenditures was borne by the generation that lived during the war.
• B)the Federal government can shift expenditures from military goods to the production of other public goods.
• C)the Federal government has the power to levy taxes to pay its debts.
• D)wartime inflation reduces the relative size of the public debt.

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Definitions:

Extrinsic

Originating from or motivated by external factors rather than from within oneself, often related to rewards, recognition, or approval from others.

Unchurched

A term describing those who consider themselves spiritual but not religious and who often adopt aspects of various religious traditions.

Educational Systems

The comprehensive structures and processes established for the purpose of educating individuals within a society.

Political Watchdog

An individual or organization that monitors and reports on the activities of governments, politicians, and political parties to ensure transparency and accountability.