The figure above shows governments in the circular flow.
-In the figure above,governments
A) collect taxes.
B) coordinate economic activities of households and firms.
C) hire factors of production.
D) own factors of production.
E) sell goods and services to household.
Correct Answer:
Verified
Q186: Explain the difference between consumption and capital
Q187: Q188: Q189: Explain the differences between "human capital," "financial Q190: The International Monetary Fund divides nations into Q192: What is the difference between the functional Q193: In the United States,which factor of production Q194: What are the payments each factor of Q195: How many and what fraction of the Q196: Identify the four factors of production,and tell
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents