In economics, a circular flow model is a diagram that is used to represent the monetary transactions in an economy.
National income, output, and expenditure are generated by the activities of the two most vital parts of an economy, its households and firms, as they engage in mutually beneficial exchange.
Households
The primary economic function of households is to supply domestic firms with needed factors of production - land, human capital, real capital and enterprise. The factors are supplied by factor owners in return for a reward. Land is supplied by landowners, human capital by labor, real capital by capital owners (capitalists) and enterprise is provided by entrepreneurs.<span> Entrepreneurs combine the other three factors, and bear the risks associated with production.</span>
Answer:
First Amendment
Fourth Amendment
Sixth amendment
Explanation:
The first amendment applies to young Americans because the first amendment provides basic rights that all Americans have and need to carry out their daily life. The fourth amendment is the amendment permitting peoples property from being searched without a warrant meaning young Americans can also have their privacy as older Americans do. Then the sixth amendment allowing that person to have a speed and public trial permitting the young American to be able to have fair court case if he or she ever commits a crime.
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Answer:The United States Constitution defines the structure of the national government and dictates the scope and limitation of its powers. The Constitution is known as “the supreme Law of the Land” and all other laws are measured against it. The application of the articles and amendments of the Constitution comprise constitutional law.
In addition to the United States Constitution, each state has its own constitution and therefore, its own body of constitutional law as well. State constitutions resemble the federal Constitution in that they outline the state government’s structure of legislative, executive and judicial branches as well as contain a bill of rights.
Explanation:
Answer:
It provided a way to check the powers of congress and president. Before this ruling, there was no checks and balances.
Explanation:
The 1803 Supreme court case of Marbury v. Madison was an important decision that helped shape the way the powers of the state, as well as the federal government, are dealt with. This event established the case for a judicial review, thereby bringing it for the very first time in the history of the US Supreme Court.
With the case involving the powers of the outgoing and incoming presidents, and the validity of the state and federal powers, the decision laid the groundwork for how the powers of the Congress and the president are limited to. This brings forth the legality of the federal courts to declare any legislation unconstitutional, bringing the step to check exercise of powers. Before this, there had never been checks or balances for the powers of the federal sector.
The correct answer is (B) barometer
