Choose the correct answer: 11. The suppliers in the goods and services Market are: a. Households...
Choose the correct answer:
11. The suppliers in the goods and services Market are:
a. Households and Business firms
b. Business firms and the rest of the world
c. The government and the business firms
d. Households, the government, rest of the world
Homework Answers
Option B.
Suppliers are those entities who are responsible for the supply of various goods and services in a Market.
They are usually business firms and the rest of the world who supply various goods and services in exchange of money.
Add Answer to:
Choose the correct answer:
11. The suppliers in the goods and services Market
are:
a. Households...
Define the different market arenas (labor market, goods and services market, and money market) and link...
Define the different market arenas (labor market, goods and services market, and money market) and link them to the four macroeconomics components (households, firms, government, and outsiders). For each market, explain which component is a buyer or a seller. (For instance: in the labor market, households are sellers. Whereas firms, the government, and outsiders are buyers, because households sell their know-how and skills to all of them.)
Households purchase final goods and services in the factor market. purchase final goods and services in...
Households purchase final goods and services in the factor market. purchase final goods and services in the product market. purchase resources in the product market. purchase resources in the factor market
Choose the BEST answer. An example of a macroeconomy is when it O focuses on firms...
Choose the BEST answer. An example of a macroeconomy is when it O focuses on firms and the production of goods and services Oregroups the activity of all households, frms and government in a country O primarily studies government economic polices. bo
In a circular flow of model of a market system: a-households receive income from businesses in...
In a circular flow of model of a market system: a-households receive income from businesses in exchange for providing inputs and use that income to buy goods and services from businesses b- businesses receive revenues from households in exchange for providing goods and services and use those revenues to buy inputs from households c- households receive revenue for selling goods and services to businesses, and use that revenue to buy inputs from businesses d- A and B are both correct
In the circular flow, households supply goods and services in product market supply factors of production...
In the circular flow, households supply goods and services in product market supply factors of production in the factor market use the resources for production buy factors of production in the factor market
Retained earnings are the part of income that households retain after paying taxes. business retain after...
Retained earnings are the part of income that households retain after paying taxes. business retain after paying taxes. corporations do not pay to their owners in the form of dividends. corporations pay to their owners in the form of dividends. UNIT-1 & UNIT-2 MCQS MARKS : 1.0 GDP is a good but not perfect measure of economic well-being because it leaves out each of the following EXCEPT the quality of the environment. leisure. medical services. volunteer work. UNIT-1 & UNIT-2...
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...
which of the following is true of resource market mclec06h ch01-01.11m Which of the following is...
which of the following is true of resource market
mclec06h ch01-01.11m Which of the following is true of resource markets? a. Factors of production are bought and sold in these markets. O b. Firms supply resources to households in resource markets. c. Goods and services are bought and sold in these markets. d. The government supplies resources to households in resource markets.
Markets for Goods and Services Firms Households Markets for Factors of Production Based on this model,...
Markets for Goods and Services Firms Households Markets for Factors of Production Based on this model, firms earn revenue when firms purchase factors in product markets. Suppose Juanita earns $850 per week working as an analyst for A-Plus Accountants. She uses $10 to order a mojito cocktail at Little Havana. Little Havana pays Gilberto $300 per week to wait tables. Gilberto uses $125 to purchase tax services from A-Plus Accountants. Identify whether each of the following events in this scenario...
12) 12) In the circular flow model, A) firms are sellers of goods and services in...
12) 12) In the circular flow model, A) firms are sellers of goods and services in goods markets. B) households are buyers of goods and services in the factor markets C) households are sellers of factor services in goods markets. D) firms are sellers of the factors in factor markets. B) firms are buyers of goods and services in final markets 13) 13) Which one of the following is an income flow from firms to households? A) goods and services...
Choose the BEST answer. An example of a macroeconomy is when it O focuses on firms and the production of goods and services Oregroups the activity of all households, frms and government in a country O primarily studies government economic polices. bo
In the circular flow, households supply goods and services in product market supply factors of production in the factor market use the resources for production buy factors of production in the factor market
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...
which of the following is true of resource market
mclec06h ch01-01.11m Which of the following is true of resource markets? a. Factors of production are bought and sold in these markets. O b. Firms supply resources to households in resource markets. c. Goods and services are bought and sold in these markets. d. The government supplies resources to households in resource markets.
Markets for Goods and Services Firms Households Markets for Factors of Production Based on this model, firms earn revenue when firms purchase factors in product markets. Suppose Juanita earns $850 per week working as an analyst for A-Plus Accountants. She uses $10 to order a mojito cocktail at Little Havana. Little Havana pays Gilberto $300 per week to wait tables. Gilberto uses $125 to purchase tax services from A-Plus Accountants. Identify whether each of the following events in this scenario...
12) 12) In the circular flow model, A) firms are sellers of goods and services in goods markets. B) households are buyers of goods and services in the factor markets C) households are sellers of factor services in goods markets. D) firms are sellers of the factors in factor markets. B) firms are buyers of goods and services in final markets 13) 13) Which one of the following is an income flow from firms to households? A) goods and services...
Most questions answered within 3 hours.
-
1. What is the meaning of the term communication style?
2. What are the benefits to...
asked 25 minutes ago -
9.) You are buying a car that cost $26,500. You make payments of
$412 each month...
asked 50 minutes ago -
. Suppose a discrete random variable has probability
distribution
P(x) = .2 if x = 0...
asked 2 hours ago -
Problem #1
The area between Z = 0 and Z = 2.50
The area between Z...
asked 1 hour ago -
Under the influence of its drive force, a snowmobile is moving
at a constant velocity along...
asked 2 hours ago -
Why do organizations decline? What steps can top
management take to halt, decline, and restore organizational...
asked 2 hours ago -
What mechanisms Drive speciation??
(I.e. what was Dawins theory on the orgin of species, and how...
asked 3 hours ago -
The manager at a car assembly plant believes that the mean
assembly time for a car...
asked 4 hours ago -
Which of the following is true of electron capture?
A) It decreases the nuclide's mass number...
asked 6 hours ago -
Assuming an efficiency of 43.10%, calculate the actual yield of
magnesium nitrate formed from 114.9 g...
asked 6 hours ago -
The highly pathogenic bacterium Clostridium
perfringens causes gangrene, a disease that results in the
destruction of...
asked 8 hours ago -
In the context of situation analysis, which of the following is
a category for analysis in...
asked 8 hours ago