Please assist 6. Identify where each of the following terms should be placed in the diagram below.Imports, exports, factors of production, investment, firms, tax, government, governmentspending.1Expenditure on goods and services6.8SavingFinancialRest of47SectorWorldFactor TtomeExportsGoods and services i.e. outputТаx7a. Give an example of a productive resource that households sell to government,b. Give an example of a good or service that businesses sell to government,c. Give an example of a good or service that government provides to households inexchange for money payments, mainly taxes. Answers will vary and included. Give an example of a good or service that government provides to businesses inexchange for money payments.

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Answered: 6. Identify where each of the following…

6. Identify where each of the following terms should be placed in the diagram below. Imports, exports, factors of production, investment, firms, tax, government, government spending.

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter3: Interdependence And The Gains From Trade

Section: Chapter Questions

Problem 2CQQ

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