According to the circular flow model, the consumers buy finished products from firms in the product market.
Option D is the correct answer.
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What is the circular flow model?</h3>
The flow of income through the economy of a country is described by an economic model called the circular flow model.
In the product market, the circular flow of funds is initiated from the household sector like consumers and ends in the business sector, that is, the firms, companies, or organizations. It simply means the flowing of money from consumers to firms when consumers purchase products from retailers.
Therefore, the purchase of products by consumers from firms in the product market under the circular flow model
Learn more about the circular flow model in the related link;
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Answer:
they help you focus on how to get to your long term goal, like how you focus on the drive not the destination.
Explanation:
Answer:
services
Explanation:
Based on the scenario being described it can be said that this is an example of Zappos has a strong competitive advantage through services. These are transactions where no physical good is transferred from one individual to another, instead help or actions are transferred. Which in this case Zappos is offering the action of free shipping or returns.
Answer:
c. equilibrium price and equilibrium quantity both to increase
Explanation:
If demand for a good increases, the equilibrium price will increase too, because consumers will be willing to purchase the good at higher prices. Besides, suppliers will try to take advantage of this situation by producing more of the same good, increasing the equilibrium quantity as well.
Answer:
2. Lobbyists
Explanation:
A lobbyist is any individual or a group of individuals who communicates directly or indirectly with others to influence or attempt to influence the drafting, debate, vote, approval, or introduction of some legislation. In this context, a lobbyist may be a legislator trying to influence fellow legislators or any person who communicates with a legislator to advocate and promote the desires of human services organizations.