Question 2 According to the circular flow model, households work and receive payment from firms in what market? product market O financial investment market resource market O financial capital market
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- Q1: Explain the following with example. (Diagram if Required) Macro Economics Micro Economics Risk & UncertaintyHouseholds play a role in the circular flow of goods by: A. providing natural resources to businesses.B. designing and producing new goods.C. selling goods that companies produce.D. purchasing goods at product markets.a movement along the consumption fuction can be caused bt a a. well performed stock market b. check from sold mutual funds c. decrease in taxes d. newly found $100,00 inheritance
- Tina 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; expenditureConstruct a set of contingency questions for usein a self-administered questionnaire that wouldsolicit the following information:a. Is the respondent employed?b. If unemployed, is the respondent lookingfor work?c. If the unemployed respondent is not looking for work, is he or she retired, a student,or a homemaker?in a circular flow diagram of the economy, households and buisness interact A. in neither product markets and resouce markets B. in resource markets but not product markets C. in both product markets and resource markets D. in product markets but not resource markets
- Various theories stress finance role in the stages of value cycle: 1. distribution stage2. production stage3. consumption stage4. exchange stageA) 1 and 2 onlyB) 1 and 3 onlyC) 1 and 4 onlyD) 1,3 amd 4 onlyVariables expressed in terms of ...... are called ...... variables a) physical units / endogenous b) exogenous units / real c) money / nominal d) phsical units / real e) endogenous units / nominalQuestion 1 You have been employed as the chief economist for the economy UWI Land. The head statistician has provided you with the following information: Compensation of Employees 900 Consumption of goods 850 Corporate profits 400 Rent Income 125 Factor income paid to the world 325 Consumption of services 475 Factor Income received from the world 170 Residential investments 350 Indirect taxes 775 Non-residential investments 525 Subsidies 125 Government Expenditure 925 Depreciation 120 Imports 700 Net interest 75 Exports 300 Proprietors income 300 Calculate UWI Land’s GDP using (1) the Income and (2) the Expenditure Approach
- The rate of interest charged on short-term loans made between banks in South Africa is calleda) The prime rate of banks b) Repo ratec) The interbank lending rate d) Various rates depositsPls help with below homework. Define goods and services market, labor market, and money market. Also explain relationship between them.8. Based on the following wealth utilization, what is the best rank of prioritization in consumption recognized in Islam: i Your close friend who is poor and in need ii Your sister who needs to do medical surgery iii Donation to a charity foundation iv Contributed to the construction of Maahad Tahfiz i, ii, iv, iii ii, i, iii, iv i, ii, iii, iv ii, i, iv, iii