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2 years ago

The two major markets in the circular flow of income and expenditure are the:________

Business

1 answer:

Arada [10]2 years ago

3 0

Answer:

[2] goods market and factor market.

Explanation:

The circular flow of income shows how exchange of money, goods and services occur in an economy.

the two flow circular income model consists of an household and a firm.

The household buys factors of production from the household in exchange for money (firms buys from the factor market). In return, households receive payment.

households then go to the goods market to purchase goods and services.

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When positive externalities are present in a market a. private benefits will be greater than social benefits. b. social benefits

Oxana [17]

Answer:

b. social benefits will be greater than private benefits

Explanation:

Positive externalities can be defined as those that produce positive effects for society in relation to the consumption of a good or service.

This is because the social benefit is the sum of the private benefit plus the sum of the external benefit.

An example of positive externality pertinent to the present is the fact that vaccinating people generates greater positive effects on society, because when vaccinating an individual there is less chance of having more people infected with some disease.

So it is correct to say that the social benefits will be greater than the private ones. Letter b.

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2 years ago

Why does the quantity a supplier is willing to give go up when the price goes up

aleksandrvk [35]

Because of supply and demand. More demand for a product makes the price go and and the supplier gives more because they get more

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2 years ago

Read 2 more answers

Over the next few years, several newly constructed office blocks will become available at the World Trade Center site. As well,

posledela

Answer:

The correct answer is Unambiguously higher equilibrium quantity, and equilibrium rental rates could be higher or lower.

Explanation:

An economic equilibrium is a state of the world in which economic forces are balanced and in the absence of external influences the values of economic variables do not change. It is the point at which the quantity demanded and the quantity offered are equal, a market equilibrium, for example, refers to the condition in which the market price is established through competition so that the quantity of Goods and services desired by buyers is equal to the amount of goods and services produced by sellers. This price is usually called the equilibrium price and tends to remain stable as long as demand and supply do not vary.

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2 years ago

The last department in a production process shows the following information at the end of the period: Units Beginning Work in Pr

Drupady [299]

Answer:

goojnb

Explanation:

fbbkkknb. ..kkjbbvfffdbhvbbnnmmjjhbbbhhhhhhhvvbnmm

8 0

2 years ago

What's the difference between a checking account and a savings account?

elena-s [515]

Answer:

D. A checking account comes with a credit card.

Explanation:

A checking account is opened to facilitate regular bank transactions such as deposits, withdraws, cash transfers, payments, among others. There are no limits to the number of transactions that one can perform per period. Bank's fee and charges are applicable per transaction. To facilitate payments, withdrawals, and deposits, banks provide debit cards to customers.

Savings accounts are designed to help customers accumulate funds for future use. Banks limit withdrawals and offer interest payments to encourage customers to save. Savings accounts have fewer charges and don't come with debit cards.

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2 years ago