Podcast
Questions and Answers
Where does the government purchase goods and services from using a given amount of expenditure?
Where does the government purchase goods and services from using a given amount of expenditure?
- Stock market
- Product market (correct)
- Factor market
- Foreign market
How does the government acquire the resources needed for providing public services?
How does the government acquire the resources needed for providing public services?
- By purchasing resources from the stock market
- By making payments in the factor market (correct)
- By collecting donations
- By taking out loans from banks
What is the main source of revenue for the government?
What is the main source of revenue for the government?
- Tax collected from households and firms (correct)
- Revenue from selling government bonds
- Donations from businesses
- Foreign aid
How does the government support the economy according to the text?
How does the government support the economy according to the text?
What action might the government take to provide additional support to households and firms?
What action might the government take to provide additional support to households and firms?
Who are the resource owners that the government makes payments to in order to acquire resources?
Who are the resource owners that the government makes payments to in order to acquire resources?
From which market does the government obtain resources by making payments?
From which market does the government obtain resources by making payments?
Which source provides the government with funds for expenditures, payments, and additional supports?
Which source provides the government with funds for expenditures, payments, and additional supports?
How does the government finance its various activities like expenditures, payments, and support according to the text?
How does the government finance its various activities like expenditures, payments, and support according to the text?
What is a crucial way in which the government interacts with households and business firms in providing services?
What is a crucial way in which the government interacts with households and business firms in providing services?
