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
ehidna [41]
3 years ago
5

Complete the diagram of the Circular Flow of the Economy. Some answers are listed twice on purpose.

Business
1 answer:
ladessa [460]3 years ago
4 0

The Circular Flow Model aims to show how different sectors in the economy interact.

  • Households ⇒<u> </u><u>Labor </u>⇒ Resource / Factor Market
  • Households ←<u> Wages / Salaries</u><u> </u>→ Resource / Factor Market

Households provide labor to the resource market and in exchange, they are paid a salary.

  • Resource / Factor Market → <u>Labor </u>→ Firms / Business
  • Resource / Factor Market ← <u>Spending </u>← Firms / Business

The labor that households provide the resource market is employed by companies to produce goods and services. They then spend on paying wages for the labor they receive.

  • Firms / Business → <u>Products </u>→ Product Market
  • Firms / Business ← <u>Revenue </u>← Product Market

The firms will then sell the goods and services produced to the product market where they will earn a revenue for selling them.

  • Product Market → <u>Products </u>→ Households
  • Product Market ← <u>Income </u>← Households

Households will go to the product market to buy goods and services. They will then use the income they earned from the companies to buy these goods and services.

In conclusion, the economy interacts in such a way that every sector is connected.

<em>Find out more at brainly.com/question/11324259.</em>

You might be interested in
Tips for Successful LinkedIn Prospecting?
Dmitriy789 [7]

Answer:

Sales prospecting is one of the most essential elements of the whole sales process.

Some tips are;

  • Make LinkedIn Your Second Home
  • Show’em What you Got For Them
  • Tweak and Polish Your Profile
  • Connect With Strategy
  • Be more personal

7 0
3 years ago
The unit of product is the cost object when the plantwide overhead rate method is used.
Marina CMI [18]
<span>The plantwide overhead rate method means </span>using overhead rate to allocate costs to products and includes <span>indirect costs (overhead cost) to cost allocation base (single plantwide overhead rate) to cost objects (products 1-3).
</span><span>The statement that the unit of product is the cost object when the plantwide overhead rate method is used is true. </span>
3 0
3 years ago
All of the following are methods of evaluating the risk of a project except multiple choice the net present value profile a mont
Eduardwww [97]

The answer choice that is NOT a method of evaluating the risk of a project is its B. Profile

<h3>What is Risk Management?</h3>

This refers to the identification of risk in any venture and the evaluation of the response to risk factors.

Hence, we can see that when a person is evaluating the risk of a project, he would have to check the net present value, the coefficient of variation, etc, but the evaluation of the profile is not a method of risk evaluation of the project.

Read more about risk management here:

brainly.com/question/13760012

#SPJ1

6 0
2 years ago
Your Economics instructor assigns your class to investigate factors associated with the gross domestic product (GDP) of nations.
emmainna [20.7K]

Answer:

The Correlation analysis “R” is measured to compute the strength of relationship among variables. Moreover, the value of correlation is calculated among -1 to +1. Which implies that if the computed value is near to -1 then there will be strong but negative relation and if near to +1 then it is strong but relation among the variable. However zero is consider as neutral point.  

A. The computed value of correlation is - 0.772. The value identifies that that there is a strong but negative association among the variables (GDP and infant mortality rate).

B. The correlation analysis cannot computed among the variables continent and GDP because "continent" is a categorical variable not quantitative.  

C. The computed value of correlation is higher than 1. Thus, the statement implies that there is a very strong relationship among life expectancy and GDP which is incorrect. As the association cannot be higher than 1.  

D. There is a strong relationship among literacy rate and GDP as the relationship is nearer to 1. Furthermore, the association among literacy rate and GDP doesn’t suggest the causation.

E. The computed correlation among the variables is 0.90. Which indicated that the variables goes up. That is, when the GDP goes down the import is also decrease and when GDP increases the import increases Thus, the there is a positive correlation.

3 0
3 years ago
Bankruptcy is the legal process of reducing or eliminating an amount owed.<br> O True<br> O False
vova2212 [387]
The answer would be trueee
3 0
3 years ago
Read 2 more answers
Other questions:
  • Which of the following is NOT true about organizational processes? Select one: a. They are only found at the top hierarchy level
    11·1 answer
  • In 2016, its first year of operations, Wilber Company reported pretax accounting income of $60,000. Included in the $60,000 was
    13·1 answer
  • Suppose you go to work at a company that pays $0.02 for the first day, $0.04 for the second day, $0.08 for the third day, and so
    15·1 answer
  • On December 31, Carmack Company received a $215 utility bill for December that it will not pay until January 15. The adjusting e
    6·1 answer
  • Mployee theft of inventory from the warehouse because there are no restrictions on warehouse access and
    11·1 answer
  • SnowParadise operates a Rocky Mountain ski resort. The company is planning its lift ticket pricing for the coming ski season. In
    11·1 answer
  • The president and the Secretary of State negotiate an agreement with North Korea to end its designs on building a nuclear weapon
    13·1 answer
  • Salads 'R' Us requires all its franchisees to sign an agreement that they will use napkins and dressings purchased from Salads '
    7·1 answer
  • A shipping company in the Midwest has had a rash of on-the-job injuries in recent months and is losing customers because deliver
    7·2 answers
  • Selina has lost her job. She has been combing the newspapers looking for another one and has been in contact with colleagues to
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!