1.) The Table below shows Canadian industries that use small and large amounts of debt respectively. Explain why these industries choose the debt policies they do. Except possibly in the case of the mining industry, you should be able to find a rationale that applies to the whole group of 4 industries, and not have to explain each industry separately.

Debt/Equity Ratios for Canadian Industries
	2015	2016	2017	2018	2019
Low debt
Repair, maintenance and personal services	0.73	0.722	0.829	0.78	0.72
Professional, scientific and technical services	0.86	0.547	0.56	0.674	0.653
Educational and healthcare services (private, non-gov't)	0.81	0.77	0.681	0.693	0.656
Mining	0.508	0.564	0.503	0.73	0.673
High Debt
Construction	1.699	1.57	1.593	1.565	1.477
Motor vehicle and parts dealers	2.656	2.516	2.629	2.378	1.683
Real estate	2.134	1.944	1.869	1.994	1.926
Machinery and equipment rental and leasing	1.904	1.962	1.975	1.864	1.668