The Debt Ceiling Is a Limit on the Total Amount

question 150

True/False

The debt ceiling is a limit on the total amount of money the federal government can legally borrow.

---

Definitions:

Comparative Advantage

Comparative advantage is an economic theory that describes how an entity can produce goods at a lower opportunity cost than another, leading to efficient trading and increased economic welfare.

Editing

The process of preparing written material by correcting, condensing, or modifying it for publication or presentation.

Typing

The act of inputting text into a device, such as a computer or a smartphone, by pressing keys or using a virtual keyboard.

Gains From Trade

The net benefits that individuals, companies, or countries obtain by voluntarily exchanging goods or services with one another.