If the U.S. government sells bonds to fund improvements in infrastructure, and the bonds are bought by foreigners, the burden on future U.S. taxpayers
A) is not increased so long as the return on the improvements is at or above the borrowing cost.
B) is not increased so long as the return on the improvements is below the borrowing cost.
C) is not increased so long as the return on the improvements is above zero.
D) is increased regardless of the borrowing cost and the return on the improvements.
A
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Of the following, the country with the highest average income per day in the world is
A) Japan. B) the United States. C) France. D) Germany. E) China.
Which of the following is TRUE regarding markets? I) Economists define a market as a geographic location where trade occurs. II) A market enables buyers and sellers to get information about each other and to buy and sell from each other
III) Markets coordinate decisions through prices. A) I only B) I and III C) II and III D) I, II and III