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Author Question: Can the U.S. federal government go broke as a result of a large national ... (Read 57 times)

ARLKQ

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on: Jun 30, 2018
Can the U.S. federal government go broke as a result of a large national debt?

Question 2

An appreciation of one's currency means that:
 a. the country's exports will become less expensive.
  b. the country's imports will become more expensive.
  c. the country's imports will become less expensive.
  d. it now requires more of this currency in exchange for one unit of another currency.
  e. it now requires less units of other currencies in exchange for one unit of this currency.


emilymalinowski12

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Reply #1 on: Jun 30, 2018
Answer to Question 1

The U.S. government cannot go broke because it could always raise taxes, cut spending or print more money. However, as the national debt rises, a higher percentage of taxes collected would be required to pay the interest on the debt.

Answer to Question 2

c


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ARLKQ

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Reply #2 on: Jun 30, 2018
Thank you :)


emilymalinowski12

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Reply #3 on: Jun 30, 2018
Happy to help you


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