Solved

One of the Problems with Excessive Debt Is That

Question 28

Multiple Choice

One of the problems with excessive debt is that


A) it worsens the central government's budget position by adding large debt service payments to other budget items.
B) it reduces the quantity of resources available to invest in economic development.
C) if debt service is substantial,schools,health clinics,roads,ports,other infrastructure,and social needs are less likely to be addressed.
D) it can intensify and spread a crisis.
E) All of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents