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Natalka [10]
3 years ago
15

The following model shows how resources in an economy move between households, businesses, and government. The Circular Flow Mod

el Production Possibilities Model (or PPF) Supply and Demand Model Perfect Competition Model Monopoly Firm Model
Business
1 answer:
Alex3 years ago
6 0

Answer:

The correct answer is the circular flow model.

Explanation:

The circular flow model shows the movement of resources between different sectors in the economy. The firms or business hire factors of production from the households. In return, they make factor payments. They use these factors to produce goods and services. The households purchase these goods and services and pay by their factor incomes.  

The government sector charges taxes from households and businesses and provides goods and services in return. The government also hires factors of production and make factor payments. It also purchases goods and services from the businesses and pays for it.

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Assume that it is January 1, 2019, and that the Mendoza Company is considering the replacement of a machine that has been used f
Mashcka [7]

Answer:

C

Explanation:

c is the answer just trust

4 0
3 years ago
ou are a producer of cold medicine. Last month, a flood at your factory eliminated 50% of your firm’s production capability. At
Scilla [17]

Answer:

The flood shifts the supply to the left.

The increase in healthcare costs shifts the supply curve to the left.

Explanation:

An increase in the cost of production inputs (increase in health costs) or a decrease in the availability of resources (the flood reduced the firm's production capability), will shift the supply curve to the left.

A leftward shift of the supply curve will lower the quantity supplied and will increase the price of the good at every level of demand.

6 0
3 years ago
The main purpose of insurance policies that are protected by COBRA is to:
irinina [24]

Insurance policies that are covered by COBRA are done to D. extend insurance coverage if a worker loses their job.

<h3>What is the purpose of COBRA?</h3>

The Consolidated Omnibus Budget Reconciliation Act (COBRA) protects workers in the event that they lose their jobs for certain reasons.

This protection comes in the form of the worker and their families being able to access the health insurance benefits they had while the worker was working. This access will eventually lapse however.

Find out more on COBRA at brainly.com/question/6294682.

7 0
2 years ago
Vincent and Jean are two cooks who work in a village. Each of them can either bake cakes or make pizzas. Every ingredient is rea
ElenaW [278]

Answer: B. Jean

Explanation:

Having Absolute Advantage in the production of a good means that you can produce more of that good given the same resources or at least the same Quantity as others given lower resources.

From the scenario above therefore, Jean has the Absolute Advantage in producing Cakes as Jean can bake 12 cakes in an hour while Vincent can only bake 10.

6 0
3 years ago
The total factory overhead for Bardot Marine Company is budgeted for the year at $600,000. Bardot Marine manufactures two types
Olenka [21]

Answer: the total number of budgeted direct labor hours for the year. - 600 DLH

the single plantwide factory overhead rate- $100 per DLH

the factory overhead allocated per unit for each product using the single plantwide factory overhead rate. Speedboats $ per unit Bass boats $ per unit--- For Both Products $1,200

Explanation:

5 0
3 years ago
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