in a simple circular flow diagram, firms use the money they get from a sale to
In circular flow diagram, firm use the money they get from a sale to pay for the inputs they used in the production.
Like, pay wages to worker.
Pay rent to landlords.
Pay profit to the firm owner.
in a simple circular flow diagram, firms use the money they get from a sale to
QUESTION 7 10 points Save Answer In a simple circular-flow diagram, firms O purchase resources from households O purchase the output produced by households O receive income by selling resources to households O All of the above are correct
2. 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 Goods and Services Firms Households Markets for Factors of Production Based on this model, firms earn revenue when purchase in product markets. ー Suppose Kyoko earns $650 per week working as jewelry appraiser...
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 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...
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. Based on this model, households earn income when ________________ purchase ___________ in factor markets. Suppose Latasha earns $650 per week working as a programmer for PC Pros. She uses $9 to order a mojito cocktail at...
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...
0:28:07 In the simple circular-flow diagram, households a. are the only decision makers. b. own the factors of production. C. are buyers of inputs. d. consume only some of the goods and services that firms produce. lcon Key
5. The circular flow model Aa Aa The following diagram presents a circular flow model of a simple economy. The outer (green) set of arrows shows t flow of money, and the inner (red) set of arrows shows the corresponding flow of inputs and outputs Consumption Spending Product Markets Revenue (Households Buy, Firms Sell) Goods and Services Purchased Goods and Services Sold Households Firms Capital, Land, Labour and Entrepreneurship Inputs for Production Factor Markets (Households Sell, Firms Buy) Wages, Rent...
2. 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 Goods and Services Households Firms Markets for Factors of Production firms Based on this model, firms earn revenue when purchase factors n product markets. Suppose Hilary earns $825 per week working as a...
2. 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. Goods and Services Firms Markets for Factors of Production Based on this model, households earn income when purchase ▼ in factor markets. Suppose Hilary earns $650 per week working as jewelry appraiser for Classy's Jewelry...