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:
Verified
Q6: Which of the following is FALSE?
A)In 2002,
Q9: How do recent current account deficits compare
Q26: Use the following table to answer the
Q27: If all government budgets are balanced,and S
Q29: Which of the following is NOT
Q30: Use the following table to answer the
Q32: If domestic savings is less than domestic
Q50: What is the difference between the U.S.current
Q53: Global capital flows have completely broken the
Q54: Your text considers both the low savings
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents