What is the role of government in the resource and product markets on the diagram?
(
Α.<...
What is the role of government in the resource and product markets on the diagram?
(
Α.
Government acts as a producer in both markets. It sells productive resources to businesses in
exchange for income and sells goods and services to households in order to acquire revenue.
ОВ
Government acts as a consumer in both markets. It provides households with income in exchange
for the productive resources they offer and provides businesses with revenue in exchange for the
goods and services they offer.
Ос
Government acts as a consumer in the resource market because it provides households with
income in exchange for the productive resources they offer. It acts as a producer in the product
market because it sells goods and services to households to acquire revenue
C
D
Government acts as a producer in the resource market because it sells productive resources to
businesses in exchange for income. It acts as a consumer in the product market because it provides
businesses with revenue in exchange for the goods and services they offer
Answers: 3
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