The Circular flow diagram is an optical representation of the economy that shows how dollar flows through the market.
<u>Explanation:</u>
- The market in terms of goods and services where people will purchase goods and services. In terms of factors of production where the company or concern purchase the factors of production from the households.
- The companies sell the goods and services that they have produced where the people buy the product and revenue is paid. In the deal of money flows from company to household as a wages or salary.
- The diagram explains the roles and it would help us to understand how the economy is organized.
The answer is : no, if the safety of being insured was worth more to her than the monetary cost of the premium
For example, A soccer athlete paid insurance premium for $100,000 a year while he get an annual salary of $15,000,000 a year
if the clause was met, he'll get $ 20,000,000 from the insurance claim.
In this case, it more beneficial if the athlete still kept his leg because he can easily get more than $ 20,000,000 by two years of working
hope this helps
Answer:
The federal reserve system board of governors to guide or conduct
nation's monetary policy.
Explanation:
The federal reserve system board of governors comprises of seven members which are nominated and approved or confirmed by the senate. All their responsibilities are charged towards guiding monetary policy. This is achieved or done by issuing regulations, supervising fed banks, approving budgets and appointment of directors.
The federal reserve system is to promoting, providing and maintaining an effective payment system and moderating long term interest rate.
