Question: explaining circular flow Identify the primary economic decision makers. Describe how money and resources are exchanged in the resource market, indicating: Who gets the resources?

  • explaining circular flow
  • Identify the primary economic decision makers.
  • Describe how money and resources are exchanged in the resource market, indicating:
  • Who gets the resources?
  • Who gets the income?
  • Describe how money, goods, and services are exchanged in the product and services market, indicating:
  • Who receives the goods and services?
  • Who gets the income?
  • Are there any other participants in an economy that are not represented in this simple model.

please I need it for an essay

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

explaining circular flow Identify the primary economic decision makers. Describe how money and resources are exchanged in the resource market, indicating: Who gets the resources? Who gets the income?...

Q:

Identify the primary economic decision makers. Describe how money and resources are exchanged in the resource market, indicating: Who gets the resources? Who gets the income? Describe how money,...

Q:

Hi, please help with this question, Identify the primary economic decision makers. Describe how money and resources are exchanged in the resource market, indicating,Who gets the resources? and Who...

Q:

Circular Flow Model identify the primary economic decision-makers. Describe how money and resources are exchanged in the resource market, indicating: Who gets the resources? Who gets the income?...

Q:

The fact that people have unlimited wants means that _____ Group of answer choices they always want more of at least one good. people always purchase the goods that cost the least. there is always an...

Q:

How can the analysis of labour exploitation in general help us to understand some aspect of labour during the pandemic?How does the Author explain the exploitation of labour in Mexico and how could...

Q:

One way to understand how the economy works is the circular flow model. This model demonstrates the flow of resources, goods, services, and income between households and business through the resource...

Q:

I need help with this assignment Instructions Identify & Explain: Circular Flow Model Evaluation Title: Circular Flow Model One way to understand how the economy works is the circular flow model.This...

Q:

For this assignment please address the following in a written essay (Microsoft Word document) concerning the circular flow model: Identify the primary economic decision makers. Describe how money and...

Q:

For this assignment please address the following in a written essay (Microsoft Word document) concerning the circular flow model: Identify the primary economic decision makers. Describe how money and...

Q:

Where do advance directives such as living wills and durable powers of attorney fit into the distinction between voluntary and non-voluntary euthanasia?

Q:

How the rise of streaming services, as well as their popularity among college students, is shaping the future of film. Issue : Cinemas are constantly competing to stay relevant and be on trend with...

Q:

A regional telephone company operates three identical relay stations at different locations. During a one-year period, the number of malfunctions reported by each station and the causes are shown...

Q:

Your Character Sheet: Part 1 In the small business world your character is important. Instructions: Create a 'character sheet' for an imaginary (or real) business owner that includes the following: -...

Q:

8. Give examples from your own everyday life that the reference point you use has significance for the actions you take.

Q:

6. Give examples of when we give a situation a new name, the situation is perceived differently.

Q:

11. Take a familiar problem as your starting point. a) Frame the problem so that it promotes aggressive behaviour. b) Frame the problem so that it promotes defensive behaviour.