The correct answer is B.
Business have a double role in economy. They are the manufacturers that produce goods and services to satisfy the needs of consumers therefore, as the graph attached shows, they participate both in the factor and product markets:
- On one side, they buy productive factors in the resource markets (land, labor and capital) and they pay for them (salaries, rents and interests respectively).
- On the other side, they produce goods and services to household in the product market, in exchange for a price. This revenue, after cost deduction, would suppose the profit they earn for the manufacturing activity.
Answer:
Senate
Explanation:
There are two houses, Senate and House of Representatives.
The Senate is made up of 100 Senators, in which each state is given 2 senators. This is to keep the Senate balanced, and to make sure that the smaller states have as much of a voice in the government as the bigger states.
The House of Representatives is made by converting the population of each state into the amount of representatives the state gets. The more citizens living in a state, the more representatives the people of that state get. This insures that the amount of power is proportional, in which more population means a higher need for greater voice inside Congress.
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