The circular flow model with government included would show that government
A) controls economic resources and sells them in the resource market.
B) produces goods and services and sells them in the product market to generate net taxes.
C) provides goods and services to businesses and households and pays for them with net taxes.
D) obtains revenues in the product market and uses them to cover costs in the resource market.
Correct Answer:
Verified
Q189: In economics, the "public sector" refers to
Q190: Which of the following statements about taxes
Q191: The flow of "net taxes" in the
Q192: Sales and excise taxes are levied on
Q193: Q195: "Transfer payments" may be thought of as Q196: The following are government activities that are![]()
A)wages
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