Answer the following questions about government and deficit, Microeconomics

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Answer the following questions about government and deficit

Question: Answer the following questions about government and deficit.

a. Explain the three distinctive features of government activities according to Heilbroner and Thurow?

b. Why is government's budget (and debt) different than household budget (and debt) according to Heilbroner and Thurow?

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Microeconomics: Answer the following questions about government and deficit

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Microeconomics: Answer the following questions about government and deficit

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