Which one of the following is an example of the circular flow model and shows the interdependence of households and firms? a. The firms go to the resource market to supply resources that households demand and, in turn, provide households with the goods and services produced for the product markets. b. Households supply their resources to the firms in the factor markets and, in turn, demand in the product market the goods and services produced by the firms. c. The firms in the factor markets pay to households in the form of wages, interest, rent and profit⎯for resources demanded. d. Households demand their resources from the firms in the factor markets and, in turn, supply in the product market the goods and services produced by firms.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which one of the following is an example of the circular flow model and shows the interdependence of households and firms? a. The firms go ...” 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
What is the controlling account for the amounts owed to individual creditors?
Answers (2)
At the time a $450 petty cash fund is being replenished, the company's accountant finds vouchers totaling $350 and petty cash of $100. The vouchers include: postage, $90; business lunches, $135; delivery fees, $80; and office supplies, $45.
Answers (1)
Jan wants to king a block of text in the right. What command allows her to do this? A. Justification B. Indent C. Window control D. Line and page break
Answers (1)
An advertisement in the local paper offers a "fully loaded" car that is only six months old and has only been driven 5,000 miles at a price that is 20 percent lower than the average selling price of a brand new car with the same options.
Answers (1)
Advertising, personal selling, sales promotion, public relations, and direct marketing are marketing communications alternatives that make up a firm's
Answers (1)
New Questions in Business
Macrosoft Company reports net income of $65,000. The accounting records reveal depreciation expense of $80,000 as well as increases in prepaid rent, accounts payable, and income tax payable of $60,000, $12,000, and $18,000, respectively.
No Answers
Hornberger, Inc. recently paid a dividend of $2.00 per share. The next dividend is expected to be $2.05 per share. Hornberger has a return on equity of 11.00%. What percentage of its earnings does Hornberger plow back into the firm?
Answers (1)
A tip of $10 is best for which kind of service? A. a mover who delivers furniture to your new home B. a valet who parks your car at a restaurant C. a waiter at a fast-food restaurant
Answers (2)
Sunland Company manufactures and sells high-priced motorcycles. The Engine Division produces and sells engines to other motorcycle companies and internally to the Production Division.
Answers (1)
Adamson Company manufactures four lines of garden tools. As a result of an activity analysis, the accounting department has identified eight activity cost pools.
Answers (1)