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What are five ways the national debt can affect the economy?

Delayed social security, rising interest rates, difficulties in investing, tax payers paying the burden, and a recession that extends across nations are five ways the national debt can affect the economy. For businesses and trade to be strong, the national debt cannot be high.


What is weak economy?

An economy that cannot balance its trade, a consumer economy instead of a producer economy, with lower GDP,high level of unemployement and inflation, that cannot service its debt, weak financial institutions and deficits.


Is Haiti a free market economy or a command economy?

Yes, Haiti is a command economy. A command economy is when the government controls the economy and you are guaranteed a job. However, with a command economy, you cannot open your own business.


What cannot be done by the government in a command economy?

deciding what goods consumers buy


Why is means of transportation and communication are called lifelines of a nation and its economy?

The means of transportation and communication are called the lifelines of a nation and its economy because they are the preconditions for progress and development. Goods and services cannot move on their own from supply houses to demand locales. This necessitates the need for transportation. Thus, a country's economy depends not only on the production and sale of goods and services, but on their transport as well. Globalisation has been possible on account of easier and fast-developing communication channels between the countries of the world. Hence, it complements trade as well as transport. India is well-connected with the rest of the world due to these two things-transport and communication, which have contributed vastly to the development of our national economy. They have also added extensively to growing amenities and facilities improving our lifestyles.

Related Questions

Can an ACH transaction be processed successfully if there are insufficient funds in the account?

No, an ACH transaction cannot be processed successfully if there are insufficient funds in the account.


Which is not contribute to rural economy?

Biases in national economic and social policies cannot contribute to rural economy.


Can I swipe credit on a debit card with no money on the account?

No, you cannot swipe a debit card for a transaction if there are insufficient funds in the linked account. Debit cards draw directly from your bank account, so if there is no money available, the transaction will be declined. However, some banks may offer overdraft protection, allowing you to make purchases beyond your account balance, but this usually incurs fees.


Can you reverse a Zelle transaction?

No, once a Zelle transaction is completed, it cannot be reversed.


Can someone reverse a Zelle transaction?

No, once a Zelle transaction is completed, it cannot be reversed.


What does the term irrevocable mean in a bank or checking account?

In the context of a bank or checking account, "irrevocable" means that the actions or decisions associated with the account cannot be undone or reversed. For example, if a transaction or transfer is marked as irrevocable, it cannot be cancelled or revoked once it has been initiated. This term is used to indicate that the action is final and cannot be changed.


Can I use an expired passport as ID for this transaction?

No, you cannot use an expired passport as ID for this transaction.


What does that mean when your bank says do not honor?

When your bank says "do not honor," it means that they are refusing to authorize a transaction, typically due to insufficient funds, account restrictions, or suspected fraud. This could result in a declined payment or check, indicating that the transaction cannot be processed as requested. It's important to check your account status or contact your bank for clarification and to resolve the issue.


What Is The Chase Bank Login And can I Do A Transaction From My Computer?

The Chase Bank Login is the username and password one creates upon registering on the Chase website. One could perform a transaction on the Chase site.


How do you hide a transaction on HSBC?

To hide a transaction on HSBC, you cannot directly conceal transactions within your account, as banking regulations require transparency. However, you can manage your account privacy settings and minimize notifications or alerts for certain transactions. For more privacy, consider using cash or alternative payment methods that do not link back to your bank account. Always ensure to follow legal and ethical guidelines when managing your finances.


Does it matter if you lied about being18 on your eBay account?

Yes. Legally, if you are not 18, you cannot sign a contract. If you don't stiff anyone on a transaction and conduct yourself in an acceptable manner, they probably will never check.


What are five ways the national debt can affect the economy?

Delayed social security, rising interest rates, difficulties in investing, tax payers paying the burden, and a recession that extends across nations are five ways the national debt can affect the economy. For businesses and trade to be strong, the national debt cannot be high.