Economic Agents Flashcards
1
Q
What are the 3 interactions
A
Consumer + government
Consumer + producer
producer + government
2
Q
What do consumers give to government and producers
A
Factors of production
3
Q
What do consumers receive from governments
A
pensions and benefits
4
Q
What is added to good by governments
A
Tax
5
Q
What do consumers and producers give one another
A
Goods and services (GaS)
6
Q
What does the government regulate
A
Producers prices
7
Q
What do producers pay to the government
A
Tax
