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 the production of a wooden chair within the circular flow model, what would the resource market include?
lidiya [134]

Answer:

forest/trees

Explanation:

4 0
3 years ago
What is the starting salary of a novel author or novelist? it's for a project.​
jenyasd209 [6]

Answer:

The average one is $49,046. Found it online.

3 0
3 years ago
Our society is increasingly becoming more diverse. Discuss how this affects you as an individual, an organization, and society a
Mekhanik [1.2K]

Answer

Hello,

Well, a diverse society is stable and alive with positive dynamics, easy to adapt to changes and always geared towards a positive evolutionary.

As an individual, a diverse society offers greater opportunity for personal and professional growth.

In the society, diverse cultural views can inspire creativity and innovation. A diverse society has a pool of diverse skills base which allows an organization to produce broader and more adaptable range of goods and services.

A challenge in this is that integration across multicultural groups can be difficult due to negative cultural stereotypes. Some countries require navigating visa and application of employment laws that could be challenging requirements.

Diversity quotas in colleges can be outlawed but still allow colleges to consider race in admitting students.

Wish you luck!

5 0
3 years ago
Forrester Company is considering buying new equipment that would increase monthly fixed costs from $276,000 to $544,500 and woul
REY [17]

Answer:

The correct answer is E.

Explanation:

Giving the following information:

Forrester Company is considering buying new equipment that would increase monthly fixed costs from $276,000 to $544,500 and would decrease the current variable costs of $60 by $15 per unit. The selling price of $100 is not expected to change.

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 544,500/ [(100-45)/100]

Break-even point (dollars)= $990,000

6 0
3 years ago
Read 2 more answers
Lowering the discount rate can promote full employment because
Keith_Richards [23]
Lowering the discount rate can promote full employment because <span>companies are more likely to expand and hire more workers. High inflation is the circumstance which usually accompanies a period of economic expansion. </span>
7 0
3 years ago
Other questions:
  • What type of a goal is graduating from college in four years? (I forgot the attachment from last question)
    12·2 answers
  • Arrange the types of investments in the correct order from the least risky to the most risky investment.
    10·1 answer
  • There are many positive effects to globalization, but which of the following would be a negative effect?
    10·1 answer
  • In an effort to expand its business, music retailer MovNow offers DVD rentals online.
    6·1 answer
  • Romeo Corporation reports the following for the year: Finished goods inventory, January 1 $ 2,500 Finished goods inventory, Dece
    15·1 answer
  • Market bubbles such as the technology bubble of the 1990s and the housing bubble of 2004-2007 are best explained byA) the effici
    10·1 answer
  • George Corporation has no beginning inventory and manufactures a single product. If the number of units produced exceeds the num
    15·1 answer
  • HELP PLEASE. PLEAASEEEE
    14·2 answers
  • A reconciliation of pretax financial statement income to taxable income is shown below for Fieval Industries for the year ended
    13·1 answer
  • In an insurance contract, the person buying the insurance is called the
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!