The process of determining a host of the FIFA World Cup is highly competitive, with many countries vying for this prestigious honor. One consideration for picking a host is the national debt of potential host countries. Consider why a nation's debt level might be a factor in determining which country will host the FIFA World Cup. Countries with high levels of debt - often have high crime rates, which may discourage fans from attending the World Cup. - often follow a functional finance approach, which discourages all types of government spending. - may be unable to make the significant investment in infrastructure required to host a World Cup. - are generally experiencing economic recessions, making them an undesirable place to visit for foreign tourists.
The process of determining a host of the FIFA World Cup is highly competitive, with many countries vying for this prestigious honor. One consideration for picking a host is the national debt of potential host countries. Consider why a nation's debt level might be a factor in determining which country will host the FIFA World Cup. Countries with high levels of debt - often have high crime rates, which may discourage fans from attending the World Cup. - often follow a functional finance approach, which discourages all types of government spending. - may be unable to make the significant investment in infrastructure required to host a World Cup. - are generally experiencing economic recessions, making them an undesirable place to visit for foreign tourists.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The process of determining a host of the FIFA World Cup is highly competitive, with many countries vying for this prestigious honor. One consideration for picking a host is the national debt of potential host countries. Consider why a nation's debt level might be a factor in determining which country will host the FIFA World Cup.
Countries with high levels of debt
- often have high crime rates, which may discourage fans from attending the World Cup.
- often follow a functional finance approach, which discourages all types of government spending.
- may be unable to make the significant investment in infrastructure required to host a World Cup.
- are generally experiencing economic recessions, making them an undesirable place to visit for foreign tourists.
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