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MrRa [10]
3 years ago
7

Question 1

Social Studies
2 answers:
Mariana [72]3 years ago
5 0

Answer:

The correct answer is - <em>The market for factors of production connects household spending to goods produced by firms.</em>

Explanation:

The circular flow diagram of economy identifies two distinct parts of economy:

  • <u>Market for products and services</u> where money flows from workers, in the form of salary, back to firms, as a form of goods and services.
  • <u>Market for factors of production</u>, where firms purchase means for production, such as labor or capital from households in exchange for money.

____ [38]3 years ago
4 0

Answer:

Option B, The market for factors of production connects household spending to goods produced by firms, is correct.

Explanation:

Option B is true because, in the circular flow diagram, three main players are households, government, and firms. Where households and firms are connected in two ways. First, the household provides labor to the firms and get income against the provided labor. Secondly, this income is spent by households on the goods and services produced by the firms.

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Answer:

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3. Who is known as the Father of Modern Geology? What was his foundational contribution in
pogonyaev

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1. James Hutton

2. Hutton developed several hypotheses to explain the rock formations he saw around him, but according to Playfair he "was in no haste to publish his theory; for he was one of those who are much more delighted with the contemplation of truth, than with the praise of having discovered it". After some 25 years of work,[20] his Theory of the Earth; or an Investigation of the Laws observable in the Composition, Dissolution, and Restoration of Land upon the Globe was read to meetings of the Royal Society of Edinburgh in two parts, the first by his friend Joseph Black on 7 March 1785, and the second by himself on 4 April 1785. Hutton subsequently read an abstract of his dissertation Concerning the System of the Earth, its Duration and Stability to Society meeting on 4 July 1785,[21] which he had printed and circulated privately.[22] In it, he outlined his theory as follows;

The solid parts of the present land appear in general, to have been composed of the productions of the sea, and of other materials similar to those now found upon the shores. Hence we find reason to conclude:

1st, That the land on which we rest is not simple and original, but that it is a composition, and had been formed by the operation of second causes.

2nd, That before the present land was made, there had subsisted a world composed of sea and land, in which were tides and currents, with such operations at the bottom of the sea as now take place. And,

Lastly, That while the present land was forming at the bottom of the ocean, the former land maintained plants and animals; at least the sea was then inhabited by animals, in a similar manner as it is at present.

Hence we are led to conclude, that the greater part of our land, if not the whole had been produced by operations natural to this globe; but that in order to make this land a permanent body, resisting the operations of the waters, two things had been required;

1st, The consolidation of masses formed by collections of loose or incoherent materials;

2ndly, The elevation of those consolidated masses from the bottom of the sea, the place where they were collected, to the stations in which they now remain above the level of the ocean.

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Explanation:

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