1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jeyben [28]
3 years ago
10

Which one of the following is an example of the circular flow model and shows the interdependence of households and firms? a. Th

e firms go to the resource market to supply resources that households demand and, in turn, provide households with the goods and services produced for the product markets. b. Households supply their resources to the firms in the factor markets and, in turn, demand in the product market the goods and services produced by the firms. c. The firms in the factor markets pay to households in the form of wages, interest, rent and profit⎯for resources demanded. d. Households demand their resources from the firms in the factor markets and, in turn, supply in the product market the goods and services produced by firms.
Business
1 answer:
zvonat [6]3 years ago
4 0

Answer:

Households supply their resources to the firms in the factor markets and, in turn, demand in the product market the goods and services produced by the firms.

Explanation:

Circular flow model is defined as an economics model that shows major exchanges in the form of flow of money, goods, and services between economic agents. In this scenario the economic agents are households and firms.

Such flows are usually opposite in direction, correspond in value, and are in a closed circuit.

This relationship between households and firms is exemplified by households supplying their resources to the firms in the factor markets and, in turn, demand in the product market the goods and services produced by the firms.

You might be interested in
In an outsourcing decision, developing and negotiating the outsourcing contract: is not an area where supply managers believe th
RoseWind [281]

Answer:

The correct answer is is of less strategic importance than identifying opportunities for outsourcing.

Explanation:

Outsourcing consists in the delegation of functions from one company to another that specializes in this task. Among its greatest benefits are cost reduction and access to new technologies, among others, however, if the service provider does not have sufficient capacity to perform this function, it may damage the image of the contracting company. This tool can be used tactically or strategically and can be adapted to the requirements of the company requesting the service, it is implemented at different levels and in areas of the organization that are not essential to gain competitiveness.

7 0
3 years ago
When using statistics to support a speech, it is best to do all of the following except:
Stells [14]
When using statistics to support a speech, it is best to do all of the following except:
d. use a lot of statistics in a speech to make the speech exciting.

This is an example of too much tends to overwhelm your audience. A few very well done graphics can convey more and catch their attention.

Statistics are to enhance the message you are relaying.
8 0
3 years ago
Read 2 more answers
Kasapreko Company Limited is a wholly Ghanaian-owned company with branches in Nigeria, South Africa and Germany. With relevant e
Tema [17]

Answer:

Explanation:

It should be understood that Kasapreko company limited is a Ghanian company that specialises in the production of herbal beverage products.

And the primary aim or goal of the company is to be able to have branches in every country of the world. But before this could be achieved, the company must be able to meet the demands of its country of production, and be able to attain or collect the necessary documents that will allow it to have branches outside the country it was founded. It must also be able to acquire the necessary licenses to operate in its desired countries.

Presently, the company has branches in countries like Nigeria and South Africa.

7 0
3 years ago
If the direct write-off method of accounting for uncollectible receivables is used, what general ledger account is credited to w
Olin [163]

Answer:

Option B) Accounts Receivable

Explanation:

In the Direct write-off method the company registered an entry that debit  Bad Debts Expense and an credit entry in the Accounts Receivable.

In this method doesn't exist a contra asset account such as  Allowance for Doubtful Accounts, the Bad Debt Expenses are reported on the Income Statement one year later of the sale.

3 0
3 years ago
When Disney acquired Marvel Comics on August 31, 2009, for $4.24 billion, management needed to determine whether there were oppo
zhannawk [14.2K]

Answer:

retaining cultural independence of the businesses, individual brands and operating differences encouraging knowledge-sharing and collaborative activity among the businesses.

Explanation:

When Disney purchased Marvel they were probably searching for synergy which means that their combined effort is larger than the addition of their individual efforts. Synergy is achieved through sharing resources and allocating them more effectively, not by separating the companies.

6 0
3 years ago
Other questions:
  • During 2018, Cary and Bill incurred acquisition debt on their residence of $1,300,000. They also borrowed $200,000 on a home equ
    15·1 answer
  • In need of extra​ cash, Troy and Lily decide to withdraw ​$2 comma 100 from their traditional IRA. They are both 40 years old. T
    6·1 answer
  • The management of a facility that manufactures parts for car brakes has a policy of testing only some of the items in each produ
    7·1 answer
  • What are the 3 main factors that affect the labor market
    10·1 answer
  • Assume a certain firm is producing Q = 1,000 units of output. At Q = 1,000, the firm's marginal cost equals $20 and its average
    10·1 answer
  • A comprehensive or overall formal plan for a business that includes specific plans for expected sales, the units of product to b
    12·1 answer
  • Luther Corporation Consolidated Balance Sheet December​ 31, 2006 and 2005​ (in $​ millions) Assets 2006 2005 Liabilities and ​St
    5·1 answer
  • Carrying and using a high-end credit card like an American Express Centurion Card would satisfy needs at what level in the Maslo
    15·1 answer
  • Based upon the following data for a business with a periodic inventory system, determine the cost of merchandise sold for August
    12·1 answer
  • A prospective MBA student earns $45,000 per year in her current job and expects that amount to increase by 12% per year. She is
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!