Answered

Match each economic activity with the correct economic term.

A. Receiving $5 for washing your father's car
B. Paying part of your income to the government
C. A person in China purchasing an American mobile phone

1. Injection in the US economy
2. Leakage in the US economy
3. Taxation
4. Incentive



Answer :

GinnyAnswer

Final answer:

The economic terms include earning income through services, taxation, and international economic transaction.


Explanation:

Receiving $5 for washing your father's car: This economic activity represents earning income through services.

Paying part of your income to the government: This economic activity is termed as taxation.

A person in China purchasing an American mobile phone: This represents an international economic transaction.


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