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Cerrena [4.2K]
3 years ago
7

The simple circular flow model shows that A. total income received by households is less than the total value of goods and servi

ces produced because of leakages. B. total income received by households must be equal to the dollar value of all goods and services produced. C. total income received by households is different from the dollar value of all goods and services produced because the units of measurement are not the same. D. total income received by households is less than total payments to business because there are business profits.
Business
1 answer:
mars1129 [50]3 years ago
7 0

Answer:

The answer is B.

Explanation:

The simple circular flow model is also known as two-sector circular flow of income model and the the two sectors are firms and households. There is no government sector or foreign sector.

It assumes that households spend all their income on goods and services produced by firms while the firms spend their income on factors of production (labor, land etc.) which are owned by households.

Therefore, total income received by households will be equal to the dollar value of all goods and services produced.

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Answer:

Union.

Explanation:

Collaborative bargaining can be defined as a strategic process which typically involves a formal negotiation between an employer of labor (top executive or management) and a union representing the employees working in an organization so as to both reach an agreement on minimum wage, benefits and other pertinent working conditions.

The union and management agreement that allows non-union people to be hired but requires that they join the union after a probationary period creates the union shop.

Under a union shop, employers are saddled with the responsibility of either employing only labor union members or require that all new employees that aren't members of the union as at the time of employment become members after a probationary period i.e within a specific period of time.

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Giving the following information:

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