ECON MICRO
5th Edition
ISBN: 9781337000536
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 16, Problem 3.7P
To determine
The reason some people have a seeking approach towards government while others have avoiding approach towards government.
Concept Introduction:
Government is an authority or a group elected or chosen up by the people to govern a country, state or some particular society or institution. Government makes rules and regulations that are followed by the people living in that particular area or country. They provide us with a set of laws that define the basic rules that how country is defined and governed.
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1. Government spending is used for the nation's defense, infrastructure, health, and _________ benefits.
a. Education b. Welfare c. Safety d. Well-being
28.
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PQ 19
The "debt service ratio" for a country is the ration of the country's ______ to _____
a. total external debt / fross domestic product
b. annual interest payment on external debt / exports of services
c. annual interest payments on external debt and scdeuled annual external debt repayments / export earnings
d. annual interest payment on external debt /exports of earnings
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