ZuoTi.Pro
Question

Using the following circular flow diagram, where red marks real flows are blue marks monetary flows, match the correct letter in the diagram to the description provided Circular Flow Diagram Resource Market Product Market

a. Land, labor, capital, and entrepreneurial activity:A b. Households: (Click to select) C. Consumer expenditures: Click to select d. Costs. | (Click to select) e. Money income: (Click to select) f. Resources: (Click to select) g. Businesses: Click to select) h. Revenue: (Click to select)) i. Goods and Services: (Click to select)

business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

a. Land, Labor, Capital and entrepreneurial activities: H

b. Households: B

c. Consumer expenditures: E

d. Costs: C

e. Money Income: D

f. Resources: G

g. Businesses: A

h. Revenue: F

i. Goods & Services: J & I

0 0
Add a comment
Know the answer?
Add Answer to:
Using the following circular flow diagram, where red marks real flows are blue marks monetary flows,...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Let's put dollar amounts on the flows in the circular flow diagram below. Money incom RESOURCE...

    Let's put dollar amounts on the flows in the circular flow diagram below. Money incom RESOURCE MARKET • Households sell • Businesses buy borand, crew profiel Resource FIGURE 2.2 The circular flow diagram. Resources flow from households to businesses through the resource market, and products flow from businesses to households through the product market. Opposite these real flows are monetary flows. Households receive income from businesses their costs) through the resource market, and businesses receive revenue from households their expenditures)...

  • Money inco RESOURCE MARKET - Households sell Businesses buy Labor, land, euro aby Resources FIGURE 2.2...

    Money inco RESOURCE MARKET - Households sell Businesses buy Labor, land, euro aby Resources FIGURE 2.2 The circular flow diagram. Resources flow from households to businesses through the resource market, and products flow from businesses to households through the product market. Opposite these real flows are monetary flows Households receive income from businesses their costs) through the resource market, and businesses receive revenue from households their expenditures) through the product market. orest proses sual, entrepre wages, rents BUSINESSES . buy...

  • According to the Circular Flow Model on page 40, Households spend money by consuming products in...

    According to the Circular Flow Model on page 40, Households spend money by consuming products in the product market. This money is Blank 1 for businesses. Businesses use the revenue to cover their Blank 2 of production (such as land, labor, capital) in the resource market. That money flows as Blank 3 to households. The factors of production flow from Blank 4 to the Blank 5 market. These resources are used by businesses to create goods and services and sell...

  • question 1 and 5 8 je Circular Flow of Economic Activity Worksheet 1. Which of the...

    question 1 and 5 8 je Circular Flow of Economic Activity Worksheet 1. Which of the following is NOT one of the three fundamental economic participants a. households b. businesses c. banks d. government 2. The simple circular flow model shows that: a. households are on the selling side of the resource market and the buying side of the product market. b. households are on the buying side of both product and resource markets c. businesses are on the buying...

  • 1. The expanded circular-flow diagram Aa Aa The diagram below shows an expansive circular-flow diagram for the U.S. eco...

    1. The expanded circular-flow diagram Aa Aa The diagram below shows an expansive circular-flow diagram for the U.S. economy, with arrows pointing in the direction that money flows. To facilitate reference, letter labels have been placed on certain arrows of the diagram Government purchases of goods and services Government borrowing Government Taxes Government transfers Private savings Households Wages, profit, interest, Consumer spending rent Markets for goods and services Factor markets Financial markets Gross Wages, profit, interest, rent domestic Borrowing and...

  • E connect ECONOMICS Test 1 Non-Proctored Test < Question 13 (of 50) 13. 2.00 points Flow...

    E connect ECONOMICS Test 1 Non-Proctored Test < Question 13 (of 50) 13. 2.00 points Flow 1 Resource Market Flow 2 Businesses Households Flow 3 Product Market Flow 4 Refer to the diagram. Flow 4 represents: O consumer expenditures. O wage, rent, interest, and profit income. O goods and services land, labor, capital, and entrepreneurial ability.

  • 3. The circular flow model The following diagram presents a circular flow model of a simple...

    3. The circular flow model The following diagram presents a circular flow model of a simple economy. The outer set of arrows (shown in green) shows the flow of dollars, and the inner set of arrows (shown in red) shows the corresponding flow of inputs and outputs. Markets for Outputs Sales receipts Goods and services Expenditures Goods and services Households Businesses Labor, capital, etc. Incomes Labor, capital, etc. Markets for Inputs Wages, interest, etc. Based on this model, households earn...

  • CONTEXT: Circular Flow Diagram: Represents flow of monetary transactions (money goods and services) in an economy....

    CONTEXT: Circular Flow Diagram: Represents flow of monetary transactions (money goods and services) in an economy. Show how a specific series of exchanges of goods, services and payments make up the building blocks of a given economic system of interest. There should be only two economic actors in your CFD. What are these 2? Firms- Producers and Households-Consumers **QUESTION TO SOLVE --Each of these is what we call a “maximizing agent”, which means that each of them strives to maximize...

  • The following diagram presents a circular-flow model of a simple economy. The outer set of arrows...

    The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (shown in green) shows the flow of dollars, and the inner set of arrows (shown in red) shows the corresponding flow of inputs and outputs. Which of the following is true regarding this economic model? A) While simple, the circular-flow diagram can still be useful for the purposes of modeling how dollars and resources move throughout an economy. B) Because it does not take...

  • 1. Economic models The following diagram presents a circular-flow model of a simple economy. The outer...

    1. Economic models The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (shown in green) shows the flow of dollars, and the Inner set of arrows (shown in red) shows the corresponding flow of inputs and outputs. Markets for Goods and Services Firms Households Markets for Factors of Production Which of the following is true regarding this economic model? While simple, the circular-flow diagram can still be useful for the purposes of modeling...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT