Which of the following is a reason why government debt is different from individual debt?
A. Government debt can be owed to foreigners, unlike the debt of individuals.
B. Government cannot create money to finance its debt.
C. Government has fewer sources of income to finance its debt than individuals.
D. Government is ongoing, individuals are not.
Answer: D
Economics
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Related to the Economics in Practice on page 673: If the candle makers in the petition were able to gain protection for their industry, the French economy would most likely
A. benefit only if the protection was in the form of a tariff. B. have to pay higher prices for candles. C. benefit in the short run. D. become more efficient.
Economics