It is most likely that the federal government will never actually pay off the national debt.
Answer the following statement true (T) or false (F)
True
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The implementation of the assembly line is an example how
A) changes in the organization of production improve productivity. B) neutral technical change improves productivity. C) non-neutral technical change can decrease productivity. D) labor saving technical change increases economy-wide unemployment.
The graph shown best represents which of the following?
A. A tax on sellers
B. A subsidy to sellers
C. A price floor.
D. A subsidy to buyers
Refer to the accompanying figure, which shows the market for cups of coffee. Consider the original supply and the original demand curve. If the government imposes a price ceiling of $1.00 on a cup of coffee, then there would be:
A. a short-term excess demand for coffee, followed by an increase in the equilibrium price. B. an excess supply of coffee. C. a new equilibrium at a price of $1.00 per cup and a quantity of 50 cups per hour. D. an excess demand for coffee.
If one state is suffering from acid rain as a result of sulfur dioxide emissions from the industries in a neighboring state, then:
A. state courts can provide adequate remedies. B. the problem is best addressed through federal regulation. C. the individual states can easily reach a solution to the problem. D. the acid rain ceases to be an externality.