Answer:
D. They provide the four factors of production and spend money on the product market.
Explanation:
In circular flow of business, all the players namely; household, government agencies, firms and others in an economy have an important role to play.
The level of a nation's employment status, price level and income are determined as a result of various interactions among firms/businesses, household and government agencies.
When a unit spends money, it becomes the income of another unit. Household goes to market with their monies to buy goods and services, while firms goes to the factor market to buy the resources, which are owned by the household, to produce the goods and services.
As for the government agencies, they collect taxes on the goods and services produced and on income(both household and firms) . Government also buys goods and services inorder to produce specialize goods.
Through these interactions, money and business changes hands from the household to the firm and then to government. It goes back to the household and the list goes on and on.
Answer:
Business markets and consumer-goods markets differ in relation to the consumer and the form of operation. Business markets are formed by companies that provide products or services for other companies to manufacture their final products and services. Consumer goods markets, on the other hand, refer to companies that produce products and services already intended for final consumers.
The difference between them is that in business markets there are some significant advantages that reduce competitiveness, such as the creation of a long-term relationship with the customer, since the impact of buying and selling is greater, which also ensures greater stability business, since companies need constant inputs and services for their production of products and services to sell to the final consumer.
Answer:
Option C: the price of one country's currency in terms of another country's currency
Explanation:
Exchange rate is simply the rate at which one currency is converted into another currency. foreign exchange market is said to be a market for changing or converting the currency of one country into that of another country. It enables conversion of the currency of one country into the currency of another and provides some insurance against foreign exchange risk.
Answer:
The answer is A.
Explanation:
In each other presentation, choosing the “Reuse Slides” tool and then browsing to find the credits slide in the original presentation.
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