Author Question: If no foreign residents owned any of the U.S. public debt, then it would be true that A) U.S. ... (Read 39 times)

Haya94 · **on:** Jun 30, 2018

If no foreign residents owned any of the U.S. public debt, then it would be true that

A) U.S. residents would essentially owe the public debt to themselves.
B) there would be no distributional consequences associates with he public debt.
C) there would be no interest payments on the public debt.
D) the public debt would naturally disappear over time.

Question 2

What was the Industrial Revolution? How did it contribute to modern economic growth?

What will be an ideal response?

FergA · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

A

Answer to Question 2

Industrial Revolution is the term used for describing the series of innovation and their implementation in the production process that started to take place at the end of the 18th century in Britain. The revolution contributed to modern economic growth by opening the way for more steady and rapid technological changes. It started a wave of industrialization that spread to many other countries around the world.