1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
steposvetlana [31]
3 years ago
6

Consider the circular flow model to answer the questions that follow.

Business
1 answer:
Zarrin [17]3 years ago
6 0

Answer:

The answer is :

A. Resource market - income

B. Expenditure - product market.

Explanation:

A. Resource market - income

B. Expenditure - product market

The circular flow model shows how money moves through the economy in exchange for goods, services, and resources.

A.

In circular flow of income, households provide inputs to firms through the resource market(matket where households supply land, labor, capital, and entrepreneurship) in exchange for money(income or wages).

B.

Also in circular flow of income, firms receives expenditure from household and this type of market is called product market(which refers to a place where goods and services are bought and sold)

You might be interested in
Define federal deposit insurance corporation.​
aliya0001 [1]
The federal deposit insurance corporation is an independent agency of the United States government that protects the funds depositors place in banks and savings associations. FDIC insurance covers all deposit accounts , including: checking accounts, savings accounts ,money market deposit accounts.
8 0
3 years ago
An oligopoly is a market in which a the actions of one seller in the market have no impact on the other sellers' profits. b firm
Sunny_sXe [5.5K]

Answer:

The correct answer is option d.

Explanation:

An oligopoly is a market structure where there are a few producers producing homogeneous products or similar products which are close substitutes. Because of a few firms, there is a high degree of competition in the market.  

The market decisions of a firm affect its rivals, so all the firms are interdependent on each other.  

The firms are price makers. There is high restrictions on entry of firms in the market.

4 0
3 years ago
What is an accurate definition of an ability?
Lyrx [107]

Answer:

Ability is possession of the means or skill to do something.

7 0
3 years ago
Read 2 more answers
John is an art dealer with special expertise in modern art. Rachel comes to John's gallery to purchase a modern art painting as
lubasha [3.4K]

Answer:

Puffery

Explanation:

Puffery refers to making hefty claims regarding product attributes and traits which represent a subjective and not objective view. Such claims are not backed by valid reasoning or valid evidences and facts.

In the given case, the art dealer claims his products being of high quality and appreciating over the period of next ten years. Such claims cannot be substantiated by any concrete evidence. As value cannot be ascertained in advance.

3 0
3 years ago
If an employer chooses a per diem method of substantiation for travel expenses,
Ahat [919]

If an employer chooses a per diem method of substantiation for travel expenses, the meals and incidental expenses method requires actual cost records to substantiate lodging expenses.

Option E

<u>Explanation: </u>

The price of the meal and the additional expenses while travelling away from home for work purposes is deducted from an employee or self-employed person. The expense deduction generally requires the costs to be substantiated.

There has been, however, an optional form that prohibits receipts for these taxpayers.

The IRS releases Diem levels for different parts of the United States (see Notification 2015-63 on the subject of irs.gov). For just the intent of measuring a meal and an accessory deduction, taxpayers may use such per diem rates and will be required to prove it.

If an employer wants a method of proof of travel expenses by Diem, the meal and by-product procedure requires real cost records in order to prove accommodation expenses.

7 0
3 years ago
Other questions:
  • E-training for government officials is an example of a ____ application.
    5·1 answer
  • A contingency plan a. is unnecessary for organizations that face a dynamic environment. b. is developed after considering possib
    11·1 answer
  • Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2015.
    6·1 answer
  • In a perfectly competitive industry, the industry demand curve is ____, while in a monopolistic industry, the industry demand cu
    6·1 answer
  • You believe you will need to have saved $590,000 by the time you retire in 30 years in order to live comfortably. If the interes
    7·2 answers
  • A health inspector wants to check compliance with a new city ordinance on meat storage. since he can only inspect 10 of the 33 s
    8·1 answer
  • Levi has always wanted to be a lawyer, but the top career cluster for him, according to his personal assessment, is the Arts, A/
    13·1 answer
  • What is a parent company of philip morris?
    13·1 answer
  • A setback of affirmative action is that: a. those benefitting from affirmative action begin to experience self-doubts about thei
    11·1 answer
  • Explain three factors that had a negative impact on the financial performance of Unibic in its early years.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!