What Would Be an Example of Government Good

question 172

Multiple Choice

What would be an example of government good?

• A) Jake buys an iPhone.
• B) The local driver's license office purchases a new digital camera and printer.
• C) Antonio, the manager of the local Taco Hut, purchases a new deep fryer.
• D) Donald Trump purchases furniture for his office.
• E) Rhianna gets a haircut.

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Definitions:

Economy

An organized system of production, distribution, and consumption of goods and services within a geographical area.

Circular-Flow Diagram

A model that illustrates the movement of goods and services and money between households and businesses in the economy.

Markets

Places or systems in which parties engage in the exchange of goods, services, or information, driven by supply and demand.

Circular-Flow Diagram

A graphical representation illustrating the flow of funds among households, companies, and the government within an economy.