Business, 09.10.2019 19:20 claudia3776

The simplest circular model of the united states economy depicts the economy as a cycle in which resources flow between which two entities? a. supply and demand b. businesses and households c. the government and foreign countries d. goods and services select the best answer from the choices provided a b c d

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Answer from: bruh972

The correct answer is option b.

Explanation:

The simplest circular flow model includes only two sectors of the economy.

BusinessHouseholds

The resources flow between these two sectors. Households possess factors of production such as land, labor, capital and, human capital. Businesses hire these factors of production to produce goods and services and pay factor payments in return. These factor payments are rent, wages, interest, and profit.

The businesses use these factor inputs and produce goods and services which are purchased by the households. The households pay consumption expenditure in return.

Answer from: memester74

The answer is B: businesses and households

Explanation:

Answer from: Quest

Answer:

the correct answer is economics is a game without winners or losers.

explanation:

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

Answer from: Quest

$527.7.if the following was the question $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?

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The simplest circular model of the united states economy depicts the economy as a cycle in which res...