Question: The circular-flow model indicates that final goods are produced by A B C D E firms and sold in the factor markets firms and

The circular-flow model indicates that final goods are produced by A B C D E firms and sold in the factor markets firms and sold in the product markets firms and sold in the resource markets households and sold in the factor markets households and sold in the product markets

Step by Step Solution

★★★★★

3.46 Rating (149 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The answer is B firms and sold in the product markets E... View full answer

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!

1. [10] Let A = 2 4 a b c d e f g h i 3 5, B = 2 4 d + 5g e+ 5h f+ 5i a 2g b 2h c 2i g h i 3 5, C = 2 4 2g 2h 2i 3d 3e 3f 1a 1b 1c 3 5. Suppose that det A = 5. Find det B = , det C = , and det (AC) =

Find the best alternative using incremental IRR analysis. A B D Initial cost $2000 4000 5000 3000 Annual benefit 800 1300 500 400 Salvage value 1400 2000 1500 3000 Life, in years 6 4 MARR required 6%...

The circular flow model is a simplified version of our economy. Describe how this model works.

Your organization's CEO is concerned that members of the strategic planning committee are not familiar with current economic thought and principles. The CEO has assigned you the task of developing a...

Read Eye on the Dreamliner on p. 43 and then answer the following questions: How many firms are involved in the production of the Dreamliner and how many are identified in the figure on p. 43? Is...

The choices that generate these real and money flows determine what, how, and for whom goods and services are produced. Watch The Circular Flow Model Households and Firms

Read Eye on the Dreamliner on p. 79 and then answer the following questions: How many firms are involved in the production of the Dreamliner and how many are identified in the figure on p. 79? Is...

Fanfare Products, Inc., is a manufacturer of mobile devices. Kyle is the plant manager at Fanfare's Toledo, Ohio, plant. The Toledo plant manufactures a smart phone, the Zoom, which has sold well for...

In the circular flow model, which of the following items is a real flow? A. The flow of government expenditures to firms for the goods bought B. The flow of income from firms to households for the...

The circular flow model ______. a. Traces the flow of goods and services between firms and households b. Traces the flow of payments between firms and households c. Includes both product markets and...

Ruestion 1 0 Which of the following is the Average Inventory on the November 2 3 worksheet? 3 4 7 2 0 0 6 1 1 1 9 3

A mix of three materials into a process produces 0.9 litres of a finished product, with 10% loss of input in the process. Standard material costs are as follows per 0.9 litres of output. Material $ X...

Complete Cogburn's December 31, Year 4, balance sheet using the information below. Each of the items may be reported as either a current or noncurrent liability. Enter the appropriate amounts in the...

1. Scroll Inc., a wholly-owned subsidiary of Pirn, Inc. began operations on January 1, 2019. The following information is from the condensed 2019 income statements of Pirn and Scroll: Pirn Scroll...

Making sure that time is dedicated to problem - solving and post - performance review is an explicit part of: - Supportive learning environment. - Learning processes and practices. - Managers...

High-Low Method, Cost Formulas The controller of the South Charleston plant of Ravinia, Inc., monitored activities associated with materials handling costs. The high and low levels of resource usage...

Problem 2-12 Statement of Cash Flows (LG2-4) In 2021, Usher Sports Shop had cash flows from investing activities of $350,000 and cash flows from financing activities of $524,000. The balance in the...

This problem continues the Draper Consulting, Inc., situation from Problem 12-45 of Chapter 12. In October, Draper has the following transactions related to its common shares: Oct 1 Draper...

Consider a CUSUM with h = 5 and k = 1 / 2. Samples are taken every two hours from the process. The target value for the process is Î¼ 0 = 50 and Ï = 2. Use Table 15-10. Table 15-10...

When X 1 , X 2 , ¦, X n is a random sample from a normal distribution and n is large, the sample standard deviation has approximately a normal distribution with mean Ï and variance Ï...

Consider the hypothesis test H0: 1 = 2 against H1: 1

The blind spot in your retina is located where there are rods but no cones. there are cones but no rods. the optic nerve leaves the eye. the bipolar cells meet the ganglion cells.

An example of an external stimulus that might influence sexual behavior is the level of testosterone in the bloodstream. the onset of puberty. a sexually explicit film. an erotic fantasy or dream.

How would you respond if, after you were injured, a friend said, The pain is just in your head?