Jim is being paid $7.25 an hour to work at a restaurant. In the circular flow, this is an example of a:
household selling a resource in the factor market.
household buying goods and services in the factor market.
household buying goods and services in the product market.
business selling goods and services in the product market.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Jim is being paid $7.25 an hour to work at a restaurant. In the circular flow, this is an example of a: household selling a resource in the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Tate Company purchased equipment on November 1, 2020 and gave a 3-month, 9% note with a face value of $120,000. Tate's year-end is December 31st.
Answers (1)
In january 2012, a new coffee shop sells 500 drinks. in february, they sell 600 drinks, then 700 in march, and so on in an arithmetic progression. a. how many drinks will they expect to sell in december 2012? b.
Answers (1)
Viv entered into a contract with Rodin, an assassin, to kill her ex-husband. She pays him $50,000, but he does not perform the deed. She now wants her money back. Must Rodin return the money?
Answers (2)
Grateful Eight Co. is expected to maintain a constant 3.8 percent growth rate in its dividends indefinitely. If the company has a dividend yield of 5.6 percent, what is the required return on the company's stock?
Answers (1)
Choose all that apply. The main types of financial institutions are 1) savings and loans 2) banks 3) stock firms 4) financial advisors 5) credit unions isn't it 2,5,3,
Answers (1)
New Questions in Business
How does the government of a republic typically shape its economy? A. The government allows citizens to own private businesses. B. The government blocks the ownership of personal property. C. The government owns all homes and other forms of housing.
Answers (1)
For a business credit card, most companies that issue credit, including Visa and Mastercard, specifically state their liability policies: Only cover the first $50.
Answers (1)
In the resource-based view of the firm, examples of tangible resources include: Select one: a. outstanding customer service, innovativeness of products, and reputation b.
Answers (1)
Off-Line Co. has 9,000 units in beginning finished goods. The sales budget shows expected sales to be 36,000 units. If the production budget shows that 42,000 units are required for production, what was the desired ending finished goods?
Answers (1)
g resh bought 1,000 shares of Ibis Corporation stock for $5,600 on January 15, 2017. On December 31, 2019, she sold all 1,000 shares of her Ibis stock for $4,800.
Answers (1)