All of the following are consequences of a government's having to deal with a "debt crisis", except:
A. Very restricted ability to borrow money
B. Being forced to drastically raise taxes
C. Being forced to make drastic cuts in spending
D. Being forced to make huge increases in government spending
B. Being forced to drastically raise taxes
You might also like to view...
In 1992, the bilateral agreement of the United States with the European Union regarding the subsidies for production of civil aircraft included that
A. subsidies could only be in the form of loans at a market rate of interest with a short repayment period. B. marketing subsidies could be provided to the firm, but production subsidies could not. C. indirect government support is limited to 4 percent of a firm's civil aircraft sales. D. direct government support for new airplane development is limited to one-tenth of the total development costs.
?_________ results in slow or absent economic growth.
A. The absence of property rights B. The absence of democracy C. Diminishing returns to labor D. Diminishing returns to capital