According to a circular flow diagram of a given country, which of the following is false? a) Income received by households can be spent, saved, or used to pay taxes b) Expenditures received by firms can be used to pay resources, taxes, or investment spending c) Governments receive tax revenue, borrow

According to a circular flow diagram of a given country, which of the following is false? a) Income received by households can be spent, saved, or used to pay taxes b) Expenditures received by firms can be used to pay resources, taxes, or investment spending c) Governments receive tax revenue, borrow

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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