Most of the U.S. national debt is owed to ____. Thus a rising national debt implies that there will be a future redistribution of income and wealth in favor of ____.

A. foreigners; foreigners
B. other U.S. citizens; bondholders
C. foreigners; those needing government services
D. other U.S. citizens; those needing government services


Answer: B

Economics

You might also like to view...

Refer to Table 9-13. Consider a simple economy that produces only three products: tacos, earplugs, and toothbrushes. Use the information in the table to calculate the inflation rate for 2016, as measured by the consumer price index

What will be an ideal response?

Economics

Which of the following is the best definition of openness?

a. The average of imports expressed as a share of GDP. b. The average of goods traded in markets expressed as a share of GDP. c. The average of imports and exports expressed as a share of GDP. d. The average trade balance expressed as a share of GDP. e. The average of exports expressed as a share of GDP.

Economics

According to the Friedman-Phelps analysis, in the long run actual inflation equals expected inflation and unemployment is at its natural rate

a. True b. False Indicate whether the statement is true or false

Economics

Economic growth causes the PPF to

What will be an ideal response?

Economics