The Idea That Present Generations Benefit from Borrowing What Future

question 68

Multiple Choice

The idea that present generations benefit from borrowing what future generations must pay is called:

• A) the budget deficit.
• B) intertemporal substitution.
• C) the intertemporal budget constraint.
• D) generational accounting.
• E) discretionary spending.

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Definitions:

Bad Brakes

Refers to malfunctioning or inadequately performing braking systems in vehicles, which can lead to increased risk of accidents.

Liable

Legally responsible or accountable for actions or outcomes, often necessitating compensation for damages or loss caused.

Defect

A flaw or imperfection in a product or document that makes it inadequate or puts it out of compliance with standards or expectations.

Accident

An unplanned event that causes injury or damage.