Explain income security, Explain what income security does

Explain income security

Reference no: EM133294973

Assignment:

Question:

(a) Match the goods below to the categories of private, club, common, and public types. The relationship is not one-for-one, there can be zero or several goods of a given type. Explain when unsure.

A seat at a concert General admission floor at a concert

A trashcan at a concert

A dog park

Buried treasure chests around the US

(b) The US federal government owes $24 trillion dollars to savers in public debt. Every annual budget earmarks about $300 billion in interest payments on that debt. This is barely above 1% interest rate and only 5% of the public sector expenditure. Explain how this benign-looking situation can become a major problem.

(d) What is the largest source of funding for the federal government? Explain why it cannot be the biggest source of the state funds.

Reference no: EM133294973

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