If No Foreign Residents Owned Any of the U

question 52

Multiple Choice

If no foreign residents owned any of the U.S. public debt, then it would be TRUE that

• A) there would be no distributional consequences associates with he public debt.
• B) U.S. residents would essentially owe the public debt to themselves.
• C) there would be no interest payments on the public debt.
• D) the public debt would naturally disappear over time.

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Definitions:

Litigants

Individuals, companies, or parties involved in a lawsuit either as plaintiffs or defendants.

Racketeering Activity

An illegal activity performed as part of an organized crime operation.

Professional's Conduct

The manner in which professionals are expected to behave, typically guided by ethical rules and standards of their profession.

Actual Damages

Financial compensation awarded to a plaintiff in a lawsuit for actual losses or harm suffered due to the defendant's actions.