Explain three distinctive features of government activities


Problem

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?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Explain three distinctive features of government activities
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