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: 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: 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: 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: 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: 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.