The Figure Above Shows Governments in the Circular Flow

question 135

Multiple Choice

The figure above shows governments in the circular flow.
-In the figure above,which of the following is true?
i.Governments coordinate economic activities of households and firms.
ii.Governments buy goods and services in goods markets.
iii.Households pay taxes directly to firms.

• A) Only ii
• B) Only i
• C) Only iii
• D) i and ii
• E) ii and iii

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Definitions:

Reportable Segment Sales Revenue

The revenue generated from sales within a specific segment of a business that must be reported separately in financial statements according to accounting standards.

Consolidation Process

The procedure in financial accounting by which the financial statements of a parent company and its subsidiaries are combined to present as those of a single economic entity, adjusting for intragroup transactions and balances.

Segment Profit or Loss

It is the financial result (either profit or loss) generated by a specific segment or division within a company, separate from its overall results.

Disclosure

The process of providing vital information to shareholders and the public, often related to financial performance and operations.