The Circular Flow Model with Government Included Would Show That

question 79

Multiple Choice

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.

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Definitions:

Criminal Prosecution

The process by which a person is charged, tried, and potentially convicted by the state for committing a criminal offense.

Duress

A condition where a person performs an act as a result of violence, threat, or other pressures against the person.

Illegal Contract

An agreement that is void and unenforceable by law due to its nature of involving activities that are against the law.

Voidable

Describes a legal agreement that could be declared invalid by one of the parties due to certain deficiencies or circumstances.