Is it possible that deficits do not burden future generations?
Some programs, such as Social Security, tax younger generations to provide benefits for older generations. Some programs, such as education, have benefits primarily for younger generations.
Programs such as education may have greater benefits than costs for younger generations. Forward thinking parents can save in the face of government deficits. The increased saving can translate into a larger bequest for their children and offset the increased debt burden the future generation faces.
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According to the ratings given by Standard and Poor's, a bond rating of _____ implies that the issuer of bonds is in default
a. A b. B c. C d. D e. BB
If the tax on each Snicker's bar is 10 percent of its price, than that tax is a
a. sales tax b. unit tax c. corporate tax d. progressive tax e. estate tax
If price rises, what happens to supply of a product?
a. It increases. b. It decreases. c. It does not change. d. Uncertain--economic theory has no answer to this question.
A firm facing a ________ demand curve, ceteris paribus, will have zero quantity demanded if it raises its price above the market price.
A. perfectly elastic B. relatively inelastic C. perfectly inelastic D. relatively elastic