Problemas
Column A 1. square Circle Flow Chart has how many markets? 2 __ Which markets are a part of the flow? 3. __ The Product Market sells __ 4. __ Goods and Services are produced by __ 5 __ Goods and services are sold to: 6. __ households give to businesses? Upon receiving the good or service what do 7. __ What 4 concepts make up the Factor Market? 8. __ Where do the resources <CELL> come from in the Factor Market? 9. __ the factor market Households provide businesses with __ in 10 __ provide households with __ In exchange for their labor or resources, business Column B a. Money b. Money/paycheck/salary or rent C. Factor and Product d. Business/ Firms e. Households/Individuals f. Two g. Labor and/or Resources h. Goods and Services 1. Capital, Entrepreneurship, Land and Labor or C.E.LL
Roztwór
Maricela
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(256 Votos)
Respuesta
1. f. Two2. e. Households/Individuals3. h. Goods and Services4. d. Business/ Firms5. e. Households/Individuals6. b. Money/paycheck/salary or rent7. c. Factor and Product8. g. Labor and/or Resources9. g. Labor and/or Resources10. h. Goods and Services
Explicación
This question is about the circular flow model in economics. The circular flow model is a simplified representation of the economy that shows the flow of money and goods among households and businesses. 1. The circular flow model has two main markets: the product market and the factor market. 2. The product market is where goods and services are sold. 3. Goods and services are produced by businesses or firms. 4. Goods and services are sold to households or individuals. 5. Households provide labor and resources to businesses. 6. In exchange for their labor or resources, businesses provide households with money, paychecks, salaries, or rent. 7. The factor market is made up of four main concepts: capital, entrepreneurship, land, and labor (C.E.L.L). 8. The resources in the factor market come from households or individuals. 9. Households provide businesses with labor and resources in the factor market. 10. Businesses provide households with goods and services in the product market.