In the simple-circular flow diagram, the flow of money from the firms to the markets for factors of production is ca a. revenue. b. spending. C. wages, rent, and profit. O d. income.
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- Which statement best describes the circular flow of an economy?the flow between businesses and resourcesthe exchange of money, goods, and services in an economya circular flow happens only in a resource marketa circular flow happens only in a goods and services marketPart A: Give a specific example of something a household would buy or sell in the product market. Part B: In the circular flow diagram, what is a specific example of what you would buy or sell in the factor market.Optimizing economic agents use the real interest rate when thinking about the economic costs and returns of a loan. Suppose the average rate paid by banks on savings accounts is 0.75% at a time when inflation is around 1.65%. For the average saver, the real rate of interest on his or her savings is .......???%. (Round your response to two decimal places and use a minus sign if necessary.) If banks expect that the rate of inflation in the coming year will be 4.65% and they want a real return of 7.5% on a certain category of loans, then the nominal rate they should charge borrowers on those loans is .......???%. (Round your response to two decimal places.) If the economy experiences an unexpectedly low rate of inflation, the group that would tend to benefit is ___________. A. debtors (people or businesses who owe money). B. creditors (people or institutions that are owed money). C. both would benefit equally. D. neither benefits.
- An automobile manufacturer uses labor, capital, and a variety of intermediate goods in the production of cars. The car requires $4,000 of steel, $6,000 seats, $10,000 of electronics, $2,000 tires, $10,000 of labor, $5,000 of capital and has a 20% sales markup to consumers. a. What is the total value of intermediate goods? b. What are the total payments to factors of production? c. What is the total value of sales? d. What is the value of GDP from the sale of this car?How do firms and individuals determine if it's worth it to (a) invest in capital improvements, (b) hire additional workers, or (c) decide where to work? pleae explain with simple examples that easy to understood i really appreciatedMoney is regarded as a factor of production. Do you agree with this statement? Support your answer with reasons.
- Question 01: Benjamin Franklin popularized the phrase "Time is Money", and spelt out the associated opportunity cost reasoning in his "Advice to a Young Tradesman" (1746): "Remember that Time is Money. He that can earn Ten Shillings a Day by his Labour, and goes abroad, or sits idle one half of that Day, tho' he spends but Sixpence during his Diversion or Idleness, ought not to reckon That the only Expence; he has really spent or rather thrown away _______ Shillings besides." Fill in the blank of the number of Shillings in the above quote. Hint: think of shillings as dollars and sixpence as "pocket change" - what happens if you decide to take the afternoon off from work? Question 1 options: A) twenty shillings in lost wages B) five shillings in lost wages C) one shillings in lost wages D) ten shillings in lost wagesfirst blank options are (Borrowers, lenders) and third blank options are (Bad borrowers, good borrowers)During the 1980s, 1990s, and the first decade of the 20th century, the United States experienced a significant inflow of capital from abroad. For example, Toyota, BMW, and other foreign car companies built auto plants in the United States. Draw a diagram of the U.S. capital market, show the effect of this inflow on the rental price of capital in the United States and on the quantity of capital in use. Describe it in words. b) Using a diagram of the U.S. labor market, show the effect of the capital inflow on the average wage paid to U.S. workers.
- Q1. Draw a circular flow diagrm. Identify the parts of model that corresponds to flow of goods and services and the flow of dollar for each of the following activites. Ahmed earns Rs 200 per houir working in a factory Ayesha spend Rs1500 for a pizza “Eat More” bakery pay Rs 2500 for the rent on its shop Maya purchases a new pair of earrings for Rs 250Tina walks into Ted’s sporting goods store and buys a punching bag for $100. That $100 payment counts as __________ for Tina and __________ for Ted. A) value added; multiple counting B) rents; profits C) expenditure; income D) income; expenditure1. Explain the relationship of each factor of the circular model.2. Illustrate/paste/ draw/ provide a photo of both the simple and complex circular flow model.2. Briefly discuss the flow of each model.
