Macroeconomics CH4 Quiz

Macroeconomics CH4 Quiz - Government's role of taxing some...

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Government's role of taxing some citizens and transferring income to others is considered: A) enforcing a legal system. B) providing certain goods and services. C) redistributing income. D) maintaining the money supply. Points Earned: 10.0/10.0 Correct Answer(s): C 2. Your purchase of groceries from Safeway is represented by which two flows? A) A and C B) C and D C) A and B D) A and D Points Earned: 10.0/10.0 Correct Answer(s): C 3. Government's role of providing national defense is considered: A) enforcing a legal system. B) providing certain goods and services.
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D) expanding economic growth. Points Earned: 10.0/10.0 Correct Answer(s): B 4. "C" represents A) the flow of consumer goods and services. B) the flow of factors of production. C) the flow personal consumption expenditures. D) the flow of factor incomes. Points Earned: 10.0/10.0 Correct Answer(s): B 5. "A" represents A) the flow of consumer goods and services. B) the flow personal consumption expenditures.
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Macroeconomics CH4 Quiz - Government's role of taxing some...

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