If the national debt is strictly an internal debt, then
a. the amount of the debt places a burden on the generation that repays the debt
b. the amount of taxes used to pay the interest on the debt equals the interest payments to the bond holders, and there is no national debt burden
c. the amount of taxes used to pay the interest on the debt equals the interest payments to the bond holders creating a national interest-created debt burden
d. the amount of the debt places a burden on the generation when the debt is incurred because it reduces the amount of consumption
e. the amount of taxes used to pay the debt is paid by future generations, which shifts the burden of the debt from the present to the future generation
B
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Refer to the information above. What is the level of consumption when the level of income equals 2000?
A) 600 B) 1000 C) 1600 D) 2000
For each level of government (federal, state and local) list the most important source of tax revenue
What will be an ideal response?
Under the Dawes Act of 1887,
a. nearly 100 million acres of Indian territories were opened for public purchase. b. "squatters" rights were legally recognized. c. substantial tracts of land were granted to western railroads. d. 160 acres was granted to anyone who agreed to plant trees on at least 40 acres.
Which of the following is an example of an increase in government purchases?
a. The government builds new roads. b. The Federal Reserve purchases government bonds. c. The government decreases personal income taxes. d. The government increases unemployment insurance benefit payments.