Future generations will be hurt by a high national debt if incurring the debt

A. was done to pay Social Security recipients.
B. resulted in heavy commitments to bail out business firms.
C. increased formation of capital.
D. slowed the formation of capital.

Answer: D

Economics

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What is the ability-to-pay principle of taxation? List one strength and one weakness of the ability-to-pay principle as a guide to tax policy

What will be an ideal response?

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