The simple circular flow model shows that: households are on the selling side of the resource market and on the buying side of the product market. households are on the buying side of both product and resource markets. businesses are on the buying side of the product market and on the selling side of the resource market. businesses are on the selling side of both product and resource markets.
Answers
The simple circular flow model shows that businesses are on the buying side of the product market and on the selling side of the resource market.
The simple circular flow model is a simplified representation of the flow of goods, services, and payments in an economy. It includes two main sectors: households and businesses.In this model, households are the ultimate consumers of goods and services. They are the buyers in the product market where they purchase goods and services from businesses. At the same time, households are also the owners of factors of production such as labor, land, and capital. They supply these resources to businesses in the resource market, where businesses purchase them to produce goods and services.On the other hand, businesses are the producers of goods and services. They are the sellers in the product market where they offer their products to households. In order to produce these goods and services, businesses require resources which they obtain from households in the resource market. Businesses pay households for these resources, such as wages for labor and rent for land.Therefore, based on the simple circular flow model, businesses are on the buying side of the product market as they purchase resources from households, and they are on the selling side of the resource market as they sell goods and services to households.In summary, businesses are on the buying side of the product market and on the selling side of the resource market according to the simple circular flow model.For more such questions on circular flow model, click on:
https://brainly.com/question/24878815
#SPJ8
Related Questions
I got a 50 the first time taking this, don’t know what I got wrong.
Answers
Answer:
Has no change
Explanation:
When sales taxes are imposed, the change is barely noticeable to the buyers and they adopt to it
cyclically adjusted deficit of $20 billion. cyclical deficit of $20 billion. cyclical surplus of $20 billion. cyclically adjusted deficit of zero.
Answers
Among the given options, the most desirable scenario from a fiscal perspective would be a cyclically adjusted deficit of zero. This implies that the government's budget is in balance after accounting for the temporary effects of the business cycle, indicating a sustainable financial position.
1. Cyclically adjusted deficit: This term refers to the deficit in the government budget that is adjusted to remove the effects of cyclical economic fluctuations. It provides a measure of the structural deficit or surplus in the budget, excluding the temporary impact of the business cycle.
2. Cyclical deficit: This term refers to the deficit in the government budget that is caused by the cyclical downturn in the economy. It occurs when government revenues decrease and expenditures increase due to a recession or economic slowdown.
3. Cyclical surplus: This term refers to the surplus in the government budget that is caused by the cyclical upturn in the economy. It occurs when government revenues increase and expenditures decrease due to an economic boom or expansion.
4. Cyclically adjusted deficit of zero: This term indicates that the deficit in the government budget, after adjusting for cyclical effects, is zero. It suggests that the structural deficit, which reflects the long-term financial position of the government, is balanced when accounting for the cyclical fluctuations in the economy.
To know more about fiscal perspective, visit
https://brainly.com/question/29392243
#SPJ11
You invest $5,000 (PV) for 20 years (n) at an interest rate of 8% (r). What is the amount you would receive at
the end of 20 years (FV)?
Answers
Answer:
sweet
Explanation:
Click this link to view o*net’s skills section for chefs. according to o*net, what are other common skills chefs need? check all that apply installation monitoring management of personnel resources critical thinking time management technology design
Answers
According to O*NET, other common skills chefs need include: Installation, Monitoring, Management of personnel resources, Critical thinking, Time management, Technology design, Operation monitoring, Equipment maintenance, communication.
Meaning: The O*NET programme is the main repository for occupational data in the country. The O*NET database, which contains data on hundreds of standardized and occupation-specific characteristics, is essential to the project. By polling a wide range of employees from each occupation, the database is continuously updated.
The most important soft skill for chefs and head cooks is to possess is time management, Excellent listeners, communicators who use proper language, and relationship builders.
For such more question on O*NET:
https://brainly.com/question/30189059
#SPJ11
The following question may be like this:
Click this link to view o*net’s skills section for chefs. According to O*NET, what are common skills needed by Chefs and Head Cooks? check all that apply
Answer: monitoring
management of personnel resources
critical thinking
time management
Explanation: trust me
Determine the engineering management tools needed for designing an
engineering services delivery plan. The engineering management tools may include problem analysis and
decision-making, risk manageme
Answers
Engineering management tools for designing an engineering services delivery plan include problem analysis, decision-making, and risk management.
When designing an engineering services delivery plan, several engineering management tools are crucial. Firstly, problem analysis helps identify the key challenges and issues that need to be addressed in the plan. This involves gathering data, conducting assessments, and employing analytical techniques to understand the problem space.
Secondly, effective decision-making tools are necessary to evaluate various options and make informed choices. Decision matrices, cost-benefit analysis, and decision trees can aid in selecting the most appropriate strategies and actions.
Lastly, risk management tools are essential for identifying, assessing, and mitigating risks associated with the delivery plan. This includes risk identification techniques, such as SWOT analysis and failure mode and effects analysis (FMEA), as well as risk mitigation strategies like contingency planning and risk monitoring.
By utilizing these engineering management tools, organizations can develop comprehensive and effective engineering services delivery plans.
To learn more about failure mode and effects analysis
Click here brainly.com/question/30886719
#SPJ11
Which of the following is not an item studied under microeconomics?A. Economic output.B. Individual preferences.C. The well minus being of agents.D. Firm profits.
Answers
The item that is not typically studied under microeconomics is A. Economic output.
Microeconomics focuses on the behavior and decision-making of individual agents, such as consumers, firms, and households. It examines how these agents make choices regarding resource allocation, production, consumption, and pricing. Microeconomics analyzes topics such as individual preferences (B), the well-being of agents (C), and firm profits (D). It investigates how individuals make decisions based on scarcity, supply and demand, market structures, and the allocation of resources at the individual level.
On the other hand, the study of economic output is more closely associated with macroeconomics. Macroeconomics analyzes the overall performance and behavior of the economy as a whole, including factors like gross domestic product (GDP), inflation, unemployment, fiscal and monetary policies, and economic growth. It focuses on aggregate measures and economic indicators that provide a broader perspective on the functioning of the entire economy.
learn more about "market":- https://brainly.com/question/25369230
#SPJ11
Match each good with the type of good it represents
Answers
And healthcare individual good
Do you mean like this
Hope it’s correct
HOPE !
Sooo if wrong
Please imma need ya brainiest
Identify whether the expense below would be considered a want, a need, or savings.
Concert tickets
Savings
Want
Need
Answers
Why do some auto insurance customers want medical coverage for their
policies?
A. To help find the best hospital to care for people they injured in a
car accident
B. To keep from having to make a co-pay in case of a minor injury
after an accident
C. To avoid having to pay for hospital bills resulting from an accident
they cause
D. To prevent uninsured motorists from suing them for injuries they
cause
Answers
9514 1404 393
Answer:
C. To avoid having to pay for hospital bills resulting from an accident they cause
Explanation:
The purpose of any sort of insurance is to limit or eliminate the policy-holder's liability. Medical insurance in an auto policy pays for medical bills the policy-holder might otherwise be liable for as a consequence of an auto accident.
All goods and services we produce are (1) expensive (2) scarce (3) recyclable (4) efficiently produced? Choose one of the numbers.
Answers
Question:
All goods and services we produce are (1) expensive (2) scarce (3) recyclable (4) efficiently produced. Choose one of the numbers.
Answer:
All goods and services we produce are expensive.
I hope it helps uh
Please mark me as brainliest if uh want
Priority nursing care for a hospitalized child with leukemia who has developed myelosuppression and subsequent respiratory infection, includes:
Answers
When a child with leukemia develops myelosuppression, it means that their bone marrow is not producing enough blood cells. This can lead to a weakened immune system, making the child vulnerable to infections. When a subsequent respiratory infection occurs, the nursing care becomes even more critical.
Priority nursing care for a hospitalized child with leukemia who has developed myelosuppression and a respiratory infection includes infection prevention and control measures, close monitoring of vital signs, hydration, and nutrition support. The child should be placed in a private room to reduce exposure to other potential sources of infection. The nursing staff should use appropriate protective gear, such as gloves and masks, while providing care to the child. Additionally, the child should receive prophylactic antibiotics to prevent further infections.
The nurse should monitor the child's vital signs closely, especially their respiratory rate and oxygen saturation levels. The child's hydration status should be assessed regularly, and fluid intake should be increased as necessary. Nutrition support should also be provided to maintain the child's strength.
Subsequent respiratory infection may lead to complications, such as respiratory distress, pneumonia, or sepsis. Therefore, early recognition and prompt treatment of any signs of deterioration are essential. The nursing staff should be vigilant for any changes in the child's condition, such as increased respiratory distress, worsening fever, or decreased urine output, and notify the healthcare provider immediately. In conclusion, the nursing care for a hospitalized child with leukemia who has developed myelosuppression and a respiratory infection requires close monitoring and infection prevention and control measures to minimize the risk of further complications.
To Know more about leukemia visit:
https://brainly.com/question/31619463
#SPJ11
Priority nursing care for a hospitalized child with leukemia who has developed myelosuppression and subsequent respiratory infection, includes Oral fluids and administration of immunoglobulin.
What is leukemia?
Cancers of the blood cells are collectively referred to as leukaemia. The type of blood cell that develops into cancer and how fast or slowly it grows determine the type of leukemia. Leukemia is the most frequent malignancy in children under the age of 15, yet it also most frequently affects people over the age of 55. Although there is no known cause of acute leukemia, certain persons are at higher risk due to factors including radiation exposure. Exposure to particular chemical substances, such benzene. Viruses such as the virus that causes human T-cell leukemia.
Know more about leukemia -
brainly.com/question/28589357
#SPJ4
1) Companies must consider four special service characteristics when designing service marketing programs. Discuss a recent service experience using the four characteristics.
Answers
Answer: Intangibility, inseparability, variability, and perishability
Explanation:
What makes your business stand out is what you do differently from the rest. In the business world, virtually everyone is doing the same thing, and at the end of the day fight over same customers, but have a unique selling point helps your business stand out. This unique selling poi t is what drives your marketing strategy, which should be Intangibility, inseparability, variability, and perishability. Your unique selling point is made very loud in your message, telling people why they need to use you. An example is Coca-Cola, they've been in the market for a long while, selling their business and creating that message in people's mind that they are exceptional.
In which type of pricing is the selling price based on an estimate of volume or quantity a firm can sell in different markets at different prices
Answers
The type of pricing where the selling price is based on an estimate of volume or quantity a firm can sell in different markets at different prices is called price discrimination.
Price discrimination is a pricing strategy where a firm charges different prices for the same product or service based on the customer's willingness to pay. This strategy allows the firm to maximize profits by charging higher prices to customers who are willing to pay more, while still making sales to customers who are less willing to pay. Price discrimination can take many forms, such as offering discounts to certain customers or charging different prices in different markets based on local demand. The goal is to capture the maximum amount of revenue from each customer or market segment.
Learn more about discrimination here
https://brainly.com/question/1084594
#SPJ11
when an economy is operating inside its production possibilities frontier, we know that
Answers
engaging in efficient production
Explanation:
If it is using the same quantities of factors of production but is operating inside its production possibilities curve, it is engaging in inefficient production
Select all the correct answers. what are three critical questions that entrepreneurs need to ask themselves while starting a business? which location would be the most advantageous for my business? what business structure would best suit my business? which recruitment agency should i use for hiring workers? how many paid leaves can i give my employees in a year? what is the total cost of ownership of my capital purchases?
Answers
The Three Question That Entrepreneurs Ask themselves are:
Which location would be the most advantageous for my business?What business structure would best suit my business?What is the total cost of ownership of my capital purchases?Entrepreneurs must first take a few crucial measures, though, before accomplishing this.Find a creative thought.Plan your business.Select a legal framework.Obtain your business's permits, tax identification, and registration.Know the market and your competitors.Finance your company.Find a spot, then make it secure.To Learn more about Entrepreneurship, Click the links.
https://brainly.com/question/18203575
https://brainly.com/question/2431287
#SPJ4
Using an advertising agency is a cost-effective way for a small business to advertise its products or services.
a. True
b. False
Answers
Which of these statements explains the access online students have to learning resources?a. They can access written materials online, but they must still appear in person at the college for discussions.b. They use a completely different set of resources than traditional students.c. They use the same resources as other students but may have to access them in different ways.d. They are required to find their own resources because they do not have access to their college's resources.
Answers
Option C is correct. They use the same resources as other students but may have to access them in different ways.
Online students typically have access to the same learning resources as traditional students, such as textbooks, academic journals, and other course materials.
However, they may need to access these resources in different ways, such as through online databases or e-books rather than physical copies in the library. Online students may also have access to additional resources specific to their online program, such as online discussion forums or virtual office hours with professors.
Overall, online students have access to a wide range of learning resources, but may need to adapt to different ways of accessing and using them.
To know more about Learning Resources click here:
https://brainly.com/question/30308813#
#SPJ11
The loan granting process of TakemoreMoney bank has six activities . A,B,C,D,E and F. The Activity A is follwed by activity B; Activity B is followed by a parallel sub-process compensing of activities C,
D and E and this sub-process is followed by activity F
The Standard iutput rates of the six activities ( application processed per Day) are- 30 for activity A, 40 for activity B , 40 for activity C, 20 for activity D , 50 for activity E and 45 for activity F
a. what is the output rate of the loan granting process ? Show all calculation
b.What should be the bank do to increase the capacity of exsisting process?
c. Explain how can the principles of bottelneck management be used to maximize utillization of the excisting process
Answers
The output rate of the loan granting process: Given: Standard input rates of the six activities -Activity A = 30/day Activity B = 40/day Activity C = 40/day Activity D = 20/day Activity E = 50/day Activity F = 45/day
The loan granting process of Take more Money bank has six activities A, B, C, D, E, and F. Activity A is followed by activity B, which is followed by a parallel subprocess consisting of activities C, D, and E. This subprocess is followed by activity F. The output rate of the loan granting process is calculated by taking the minimum standard input rate of all activities in the process. Hence, Output rate of the loan granting process = min (activity A, activity B, activity C, activity D, activity E, activity F)Here, activity D has the minimum input rate of 20/day. Output rate of the loan granting process = 20/dayb) The bank can do the following things to increase the capacity of the existing process: Increase the input rate of activity D as it has the lowest input rate (i.e., the bottleneck activity)An increase in the input rate of the bottleneck activity results in a corresponding increase in the output rate of the entire process.
To know more about loan granting visit:-
https://brainly.com/question/32778773
#SPJ11
what type of feasibility evaluates whether the people within the organization will embrace or resist a new system?
Answers
Operational feasibility evaluates whether the people within the organization will embrace or resist a new system.
The operational feasibility of a proposed system is a measure of how effectively it solves issues, takes advantage of opportunities found during scope definition, and meets the criteria defined during the requirements analysis phase of system development.
An operational feasibility assessment determines if your firm is capable of completing this project. This includes any necessary staffing, organizational structure, and any related legal needs.
The technological feasibility assessment should primarily complement an organization's financial information. The measure of fixing difficulties with the aid of a new suggested system is referred to as operational feasibility.
To know more about "operational feasibility" refer to this link:
https://brainly.com/question/11028341?referrer=searchResults
#SPJ4
What are some of the problems associated with using GDP per capita to compare the quality of life among countries? Check all that apply.
A) GDP per capita is not correlated with quality of life.
B) GDP per capita does not measure the income distribution within the country.
C) Fluctuating exchange rates may misrepresent the actual differences in the value of goods and services produced.
D) The estimates of GDP per capita in less-developed countries tend to have greater measurement errors than those from industrially advanced countries
Answers
GDP per capita does not measure the income distribution within the country. Fluctuating exchange rates may misrepresent the actual differences in the value of goods and services produced. Option B, C and D are correct.
These are some of the problems associated with using GDP per capita to compare the quality of life among countries. GDP per capita is a measure of the total economic output of a country divided by its population, and while it can provide a rough estimate of a country's economic performance, it doesn't account for income inequality within a country, exchange rate fluctuations, or measurement errors in less-developed countries.
Therefore, it may not accurately reflect the quality of life of the average person in a given country. Option B, C and D are correct.
To know more about GDP, here
brainly.com/question/30504843
#SPJ4
a government minister in country X recently said: "the secondary sector of the industry will always be more important than the tertiary sector to our economy." do you agree with this view? justify your answer.
Answers
Answer:
Explanations yes i agree with this view since raw material are must for every sector. If there is no product, then service sector will have no work.
tertiary sector provide services for primary and secondary sector also secondary sector depent on pramiry sectorfor the input
When dealing with customers face-to-face, a good customer service technique is to:
Use a positive tone of voice
Maintain eye contact
Actively Listen
Answers
The correct option is B i.e., When dealing with customers face-to-face, a good customer service technique is to maintain eye contact.
What does "customer" mean to you?An individual or business that purchases goods or services from another company is known as a customer. Consumers are crucial to businesses because they generate income; without them, they would cease to exist.
What three roles do customers play?Any marketplace transaction necessitates the participation of at least three client roles: purchasing, which entails making a decision on a good or service; paying for it; and utilizing it. So, a customer can be a user or consumer as well as a buyer or payment.
To know more about customers visit-
https://brainly.com/question/13735743
#SPJ1
what is the purpose of creating a prototype?
Answers
Answer:
Prototypes provide a way to see how a possible product, idea, design, etc., would function in natural environments (not in the lab/workshop), but in the real world. They also can let designers, and those building it see if there are anything that needs to be changed or altered.
which of the following is not an element of structural quality in child care programs
Answers
Answer:
The correct answer is ''Parent-caregiver relationships.''
The US Senate has approved approximately how many treaties?
O 2.500
O 1,500
O 2,000
O 1.000
Answers
Answer:
2500
Explanation:
The United States Senate has approved approximately 2500 treaties. This assertion is based on the statistics that fifty years after the United States independence, the US Senate has only approved 60 treaties. By the period World War II began in 1939, the US Senate has approved another 800 treaties. Also, between 1940 to 1989, the United States Senate has approved an additional 759 treaties. And between 1989 to this moment, the United States Senate has reportedly approved 890 treaties.
Hence, summing all of them together, we have 60 plus 800, plus 759, plus 890, making it 2509 treaties. That is approximately 2500 treaties.
Answer:
B. 1,500
Explanation:
It’s on the passage
Payton Bags (PB) is a designer of high-quality backpacks and purses. Each design is made in small batches. Each spring, PB comes out with new designs for the backpack and for the purse. The company uses these designs for a year and then moves on to the next trend. The bags are all made on the same fabrication equipment that is expected to operate at capacity. The equipment must be switched over to a new design and set up to prepare for the production of each new batch of products. When completed, each batch of products is immediately shipped to a wholesaler. Shipping costs vary with the number of shipments. Budgeted information for the year is as follows: Budget for Costs and Activities Direct Materials purses 405,665 Direct materials backpacks 457.775 Direct labour purses 104,400 Direct labour backpacks 112,100 Setup 69,680 Shipping 74.880 Design 168,000 Plant utliites 225.500 Total 1,618,000 Other Budget Information Purses Number of Bags Hours of production Number of batches number of designs 3 3 6 Required 1. Identify the cost hierarchy level for each cost category. mart, 2. Identify the most appropriate cost driver for each cost category. Explain briefly your choice of cost driver. (8 marks) 3. Calculate the budgeted cost per unit of cost driver for each cost category. ( 4. Calculate the budgeted total costs and cost per unit for each product line.. Backpacks 5,900 1.550 125 3,600 2.550 83 total 9,500 4,100 208
Answers
The cost driver for each cost category is chosen based on the cost behavior and the activity that drives the cost.
For example, direct materials and direct labor costs vary with the number of bags produced, making it a suitable cost driver. Setup costs are incurred for each batch, so the number of batches is the appropriate cost driver. Shipping costs depend on the number of shipments made. Design costs are associated with the creation of new designs, so the number of designs is the relevant cost driver. Cost Hierarchy Level and Cost Categories: Direct Materials: Unit-level cost Direct Labor: Unit-level cost Setup: Batch-level cost Shipping: Product-level cost.
learn more about:- Payton Bags here
https://brainly.com/question/30381085
#SPJ11
Solo podrá vender lo que las personas están dispuestas a comprar a ese precio. De esta forma, si el precio que pone es muy alto, venderá pocas unidades mientras que si es bajo, venderá más unidades.
Answers
This question is incomplete, and I couldn't find its missing part online, but I can still assume that what you are giving is a definition and you need to find what it refers to.
Answer:
This definition refers to a monopoly.
Explanation:
A monopoly is a form of market where there is only one company that offers a product or service.
When this happens, only one company can offer this product or service since it has no close competition. This means that consumers who want said product or service can only go to this company and submit to the prices that it may impose.
The established price could be very high, but this could produce a low number of purchases by consumers. While if the price is low, consumers will be more.
You buy a new commercial stove for $9,000 and estimate that it will enable you to deliver 20 additional meals per night at an average price of $20. Assuming 25% food cost and no additional costs to using the new stove, how long will it take the stove to pay for itself? a)30 days, b) 90 days, c)180 days, d)365 days
Answers
Answer:
a)30 days
Explanation:
For the stove to repay itself, it will have to reach the break-even point.
the costs associated with the are the cost $9000
The gains from the stove: 20 meals per night at $20.
the cost per mean is 25% of the selling price
=25/100 x 20
=0.25 x20
=$5
The profits per meal = $20 -$5 = $15
Profits for 20 meals = $15 x 20 =$300
Dairy income from the stove is $300
To recover the cost, it will take $9000/$300 days.
=30 days
Answer:
30 days
Explanation:
Based on knowledge gained in managing change, you are entrusted with implementing a specific change initiative at your workplace. Provide your inputs on how you are going to undertake this activity successfully.
Answers
Managing change is a crucial task that is necessary for any organization. When a company goes through any change initiative, it should have a plan to help guide the process. To undertake the activity successfully, you must take into consideration the following
steps:1. Creating a Plan: A well-organized plan is the first step in implementing change. Creating a plan can help you identify the end goal and develop a roadmap to get there. It is also important to ensure that everyone in the organization understands the plan and their role in it.2. Communicating the Change: Clear communication with employees about the change initiative is essential. This should include explaining why the change is needed, what it will involve, and how it will affect them. It is also important to answer questions and provide support to the employees to help them adjust to the change.3.
Implementing the Change: After the planning and communication are done, it's time to implement the change. This can involve training employees, updating systems or processes, or modifying the company's structure. It is essential to have a clear timeline and schedule to help ensure that the change is implemented successfully.4. Monitoring and Adjusting: Once the change has been implemented, it's important to monitor its success and adjust if necessary. This will help ensure that the change initiative meets its goals and that any issues are addressed promptly. In conclusion, change initiatives can be challenging, but following these steps will help to ensure success.
To know more about crucial task visit:
https://brainly.com/question/26642295
#SPJ11
How can a company hide 2000$ of debts in a double entry journal accounting….. using debits and credits