In the context of the circular flow of economic activity,which of the following would NOT be a traditionalactivity of the government?O A. Purchases of capital goods from firms.O B. Provision of factors of production.O C. Provision of public goods and services.O D. Purchases of labour services from households.

Answer : B. Provisions of factors of production

Answered: In the context of the circular flow of…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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