In a democratic setting, debt financing is attractive to elected political officials because
a. it makes it possible for them to spend on current projects favored by their constituents without having to levy current taxes.
b. it drives up interest rates, which encourages saving.
c. it leads to higher taxes in the future, which will tend to slow economic growth.
d. it makes the cost of government more visible, which will help voters allocate government spending more efficiently.
A
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In 2003, China's control of the value of the yuan became an economic and political issue for the U.S. because:
A) increased U.S. exports to China. B) decreased U.S. exports to China. C) increased China imports from the U.S. D) none of the above.
The practice of selling a product to different customers at different prices when marginal cost is the same is known as: a. price discrimination. b. monopoly pricing
c. arbitrage. d. price segregation.