In the circular flow diagram with government, what does the government receive directly from households?(1 point)
Responses
factors of production
factors of production
expenditures
expenditures
goods and services
goods and services
taxes
taxes
Suppose that a city government decides to develop a public park. In the circular flow diagram with government, which of the following is a way that the government might engage directly with firms?(1 point)
Responses
The government might provide expenditures to firms in exchange for their work on the park.
The government might provide expenditures to firms in exchange for their work on the park.
The government might tax firms to fund the development of the park.
The government might tax firms to fund the development of the park.
The government might provide firms with the tools and equipment needed to develop the park.
The government might provide firms with the tools and equipment needed to develop the park.
The government might provide revenue from the park to firms.