Choose the best answers using the circular flow model.The resource market provides the government with________.- revenue- goods and services- expenditures- land, labor, capital, and entrepreneurship - resources Businessrevenueexpenditures.resourcestaxesgoodsandservicesgoods andservicesResourceMarketresourcesGovernmentexpenditures, i.e..infrastructureProductMarketservicesgoods andentrepreneurshipgoods andservicestaxesland, labor,capital, andput spoobservicesexpendituresincome: wages, rent, etc.Households

The circular flow model for the market economy reflects interactions between households and firms in…

Choose the best answers using the circular flow model. The resource market provides the government with________. - revenue - goods and services - expenditures - land, labor, capital, and entrepreneurship - resources

Choose the best answers using the circular flow model. The resource market provides the government with________. - revenue - goods and services - expenditures - land, labor, capital, and entrepreneurship - resources

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Business
revenue
expenditures
.
resources
taxes
goods
and
services
goods and
services
Resource
Market
resources
Government
expenditures, i.e..
infrastructure
Product
Market
services
goods and
entrepreneurship
goods and
services
taxes
land, labor,
capital, and
put spoob
services
expenditures
income: wages, rent, etc.
Households

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