Using taxes to finance a war, rather than deficits,
A) leads to a greater future capital stock.
B) is generally not proposed by economists.
C) shares less of the burden of the war with future generations.
D) all of the above
E) none of the above
D
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Which of the following is true?
a. The size of the national debt currently is about the same size as it was during World War II. b. The national debt increases in size whenever the federal government has a surplus budget. c. The national debt's size decreased steadily after 1980. d. The current U.S. national debt is over $16.0 trillion.
When a nation is under-allocating resources to the production of a good, then the:
A. Marginal benefit is greater than the marginal cost of the good B. Marginal benefit is less than the marginal cost of the good C. Marginal cost of producing the good is decreasing D. Marginal benefit of producing the good is increasing