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Serjik [45]
2 years ago
10

Name two participants in a closed economy.

Social Studies
2 answers:
zalisa [80]2 years ago
6 0

Answer:

households, businesses and government

Explanation:

theres three right there

Alex73 [517]2 years ago
4 0

Answer:

There are three participants in the circular flow of a closed economy are households, businesses and government. When there is no trading with foreign countries, we call it a closed economy. The two flows in the circular flow model are real flows and money flows.

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Technological improvements and reduced equipment costs have made converting solar energy directly into electricity far more cost
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Hello. This question is incomplete. The full question is:

"Technological improvements and reduced equipment costs have made converting solar energy directly into electricity far more cost-efficient in the last decade. However, the threshold of economic viability for solar power (that is, the price per barrel to which oil would have to rise in order for new solar power plants to be more economical than new oil-fired power plants) is unchanged at thirty-five dollars.  Which of the following, if true, does most to help explain why the increased cost-efficiency of solar power has not decreased its threshold of economic viability?

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Answer:

(C) Technological changes have increased the efficiency of oil-fired power plants.

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Economic viability is able to reveal the degree of acceptance of consumers in relation to a specific product. This viability is important to understand how the product will be received in the market and how profitable or not it can be for those who produce it.

Economic viability is usually greater when the cost and benefit ratio of the product or service is favorable, however this is not always the case.

Regarding the use of solar energy, although technological changes have made the installation and equipment of this type of energy more cost-effective, these technological changes have also increased the efficiency of oil plants. As a result, the economic viability of solar energy has declined.

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