In the circular flow model, the market economy creates continuous, repetitive flows of goods and services, resources and money. In this model, households spend income in the product market. According to the circular flow model, households buy the goods and services that businesses make available in the product market. Moreover, In the circular flow model, businesses will buy resources from and sell products to households and other businesses. In this way: The function of businesses in the circular flow model is purchase resources and sell products.
Answer:
Parent Nation : Great Britain , Parent Nation's (Great Britain's colony) : America , Foreign Market : Africa
Explanation:
As per 'Triangular Trade & Mercantilism' case study ; linking - Great Britain, West Africa & colonies in America. The trade relationship from A to B, B to C, C to A - has following three regions
- Parent Nation : Great Britain
- Parent Nation's (Great Britain's colony) : America
- Foreign Market : Africa
Eg : Great Britain manufactured goods supplied in Africa. In return, West Africa supplied cheap labour to colonial America. Colonial America further supplied goods needed by Great Britain.
Answer: Rising prices give a signal to consumers to reduce demand or withdraw from a market completely, and they give a signal to potential producers to enter a market. Conversely, falling prices give a positive message to consumers to enter a market while sending a negative signal to producers to leave a market.
Explanation: Hopefully this helps you with whatever you are doing. This is a long answer. Hopefully you will get extra credit for this answer
Answer:
Neutral stimulus
Explanation:
The neutral stimulus is a neutral stimulus. The neutral stimulus does not respond to an automatic response. In the classical experiment, there is a neutral stimulus that changes into the conditional response.
For instance when Puja called her friend there was ringing a caller tune that Puja does not like so much but her friend like it when same ring tone play on radio then Puja had not strong reaction about the ring tone but Puja friend like it so much so ring tone is neutral here for Puja because it does not elicit any strong emotions for that ring tone for Puja.
