Which of the following is an example of the real flow in the circular flow model of economics? A. A woman receives a salary from her job. B. A man earns interest from his investments. C. A family buys a new car. D. A family pays rent for their apartment.

Q: 20  Which of the following is a use of the production possibility curve (PPC) in macroeconomics? a.…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: 9 Introduction to Economics Please solve it very quickly ????

A: Capital accumulation and technological advance would increase economic growth.

Q: The economy of Sydaveria has developed, and the inhabitants use money in the form of shells.  Draw a…

A: Market:A market is a specific location or arrangement where buyers and sellers come together to…

Q: Describe all the circular flows of using the relevant diagram.

A: The economic model depicting the circular movement of money between firms/producers and households…

Q: 6. Which of the following statements about factors of production is aise Ahe term 'factors of…

A: Factors of production are resources which are required for the production of goods and services in…

Q: Discuss the circular flow diagram based on your own understanding and give an example where you…

A: Circular flow: The circular flow of income and expenditure explains the process that determines…

Q: Imagine that you have an "eatery" business, enumerate and briefly discuss your factors of production…

A: The different factors of production include capital, land, labour, and entrepreneurs. These are…

Q: According to a simple circular-flow diagram, how many markets do households and firms interact in?…

A: A simple circular flow diagram represents the interaction between economic decision-makers and…

Q: According to economists, which one of the following is considered to be capital?   A. a pair of…

A: Production factors are the components that are needed for economic production to occur. Land, labor,…

Q: When we speak of "capital" in economics we mean? a. financial instruments like stocks and bonds b.…

A: Answer: Correct option: (b) Explanation: In economics, capital is the term used for goods used to…

Q: In one or two sentences, define of each of the following terms and briefly explain their economic…

A: Opportunity cost can be defined as the next best alternative that given up when a decision has to be…

Q: Ch 12 1 Factors of production that flow through the circular flow model include all of the following…

A: The circular flow model basically illustrates that how money circulates in an infinite cycle from…

Q: 27 Macroeconomics studies individual economic unit Select one: a. True b. False

A: Economics is the study of the efficient allocation of the scarce resources of the nation. Scarcity…

Q: The statement that describes the term Scarcity is __________________ a. the government is spending…

A: The study of economics is needed due to the presence of scarcity. Scarcity is the primary factor due…

Q: . What is productivity? Describe the factors of productivity.

A: The branch that deals with behavior, performance, structure, and decision-making abilities of an…

Q: Why do you think the various factors of production is an important concept of economic in…

A: Increases in the quality and quantity of the factors of production, which are divided into four…

Q: How can we relate ECONOMICS to HISTORY? 2. How can we relate ECONOMICS to MATHEMATICS

A: The study of occurrences is known as history.While it may recognize trends or parallels ('history…

Q: 2. The determinants of productivity Consider a simple economy whose only industry is fishing. In…

A: An important factor that contributes to economic growth is the productivity level. Productivity…

Q: Draw a circular flow diagram. Identify the parts of the model that correspond to the flow of goods…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first 3 subparts for you as…

Q: Chapter 2 presents a Circular Flow Model. The model in Figure 2.2 is missing something.  Search the…

A: The circular flow of income in a three-sector economy includes households, firms, and the government…

Q: Which of these is a normative statement? a. The gross domestic product of Kuwait increased by 3%…

A: The statements made by economists are categorized as either positive or normative statements.…

Q: Draw a circular-flow diagram. Identify the parts of the model that correspond to the flow of goods…

A: The circular flow diagram refers to the diagram that explains the relationship between firms and…

Q: Classify the following topics as telating to microeconomics or macroeconomics and briefly explain…

A: Microeconomics signifies a branch of economics which explains how individuals and business firms…

Q: Which of the following are capital goods? Explain why. C OA. A school teacher because she helps her…

A: Businesses and governments employ capital goods, which are physical and long-lasting assets, to…

Q: In the circular-flow diagram households receive money for ______ in the ______  market?

A: A circular flow diagram shows that how goods, services, and income move through the economy. In a 2…

Q: What are the pros and cons of businesses using predictive models to make decisions?

A: The predictive models are the models which would result in the prediction of the sales or the…

Q: Definition of Economics?

A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: [Ya C] equals Select one: a. saving. O b. spending. O C. the MPC. O d. the MPS.

A: Given  [Yd - C] is equal to . Yd is disposable income.  Disposable income is the income that remains…

Q: 45 "The Consumer Price Index increased by 4.2 percent in the first quarter of this year." What type…

A: Consumer price index is the measure to determine the cost of market basket of goods and services.

Q: Give typing answer with explanation and conclusion Which of the following illustrates goods…

A: goods market The market for physical commodities, such as food, clothing, and technology, is…

Q: 7.2 Draw a circular flow diagram showing the flow of factors of production and goods and services…

A: In this chart household, business firm and government are included and external sector is excluded…

Q: Which of the below statement is a micro-economics concept? A. The South African GDP grew by 0.6%…

A: Microeconomics refers to the study of what is likely to happen (tendencies) when individuals make…

Q: he economic institution that transforms factors of production into consumer goods is: a. a firm.…

A: Production factors are those inputs that are required to manufacture or produce final products and…

Q: Discuss the interaction of the participants in the circular flow

A: Circular flow depicts two groups in the economy these are households and firms.

Q: How much the economy can produce at its natural rate of output depends on a. technology b. the…

A: A natural rate of output can be understood as the level of output that the economy is able to…