Question: A. write down the governments budget constraint. be sure to identify all components. if the govt is running a budget deficit, how can it finance

A. write down the governments budget constraint. be sure to identify all components. if the govt is running a budget deficit, how can it finance its expenditures?

b. what is the biggest problem of govts in 21st century? explain whether the following statement is true or false. "according to the law of diminishing returns, the longer we live, the more we will be willing to pay relatively for medical care than for other goods and services."

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