The Circular Flow Model includes several ctors. Which of the following is NOT listed in the Circular Flow Model? Charities Firms - Governments
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- 4.Explain all three Circular flow economic models in one structure.Which is microeconomics or macroeconomics? a) A comparison of alternative tax policies and thier respective impacts on the rate of the nation's economic growth b) the effect of government regulations on car emissions c) the decision by Mc Donalds to hire fewer workers becuase of an increase in the minimum wage d) the stock market plunges by 1000 points due to uncertaintyWhy is it important for a good economic model topredict cause and effect?
- Instructions: choose the correct answer below 1. In W.W. Rostow 'Economic Perspective', the preconditions for take-off is describe as a) Growth in normal condition b) Real income per capita increase c) Expansion of the nation modern sectors d) Notable increase in investment 2. A cause of unplanned Urbanization in the Caribbean is a) Natural increase b) Tourism c) Rural development d) Increase manufacturing in urban area 3. According to Caribbean sociologist M. Cross, a problem becomes a social problem when a) It becomes the concern of the entire society of community b) The problem is a personal problem c) A social problem can be appreciated only within the framework of the larger picture d) None of the above 4. In Ryan's 'The Independence Experience', who stated that population growth in the Caribbean is influenced by fertility, mortality and international migration? a) R.T Smith b) M.G Smith c) Norma Abdullah d) J. Barrow 5. Which theoretical perspective…In a circular flow diagram which one of the follwing transactions happens in the market for goods and services and which one in the market for factors of production? A.) Selena pays a storekeeper $2 for a quart of milk- D.) Salma earns $1000 dividend from the stocks she has-Why isn’t money considered capital in economics? Which of the following are microeconomic issues? Which are macroeconomic issues? a. How will an increase in the price of Coca-Cola affect the quantity of Pepsi Cola sold? b. What will cause the nation’s inflation rate to fall c. How does a quota on textile imports affect the textile industry? d. Does a large federal budget deficit reduce the rate of unemployment in the economy? Explain the importance of the ceteris paribus assumption for an economic model. Analyze the positive versus normative arguments in the following case. What statements of positive economics are used to support the requiring of airbags? What normative reasoning is used? Should the Government Require Air Bags? Technological advances continuously provide new high-tech options to save lives that add to the price of cars, such as cameras, radar, and airbags. Airbag advocates say airbags will save lives, and the government should require them in all cars.…
- G, 12 EconomicsPlease answer both I will rate Generally speaking, timber represents an exhaustible resource,while coal and oil represent renewable resources. a. true b. false 2-densify the normative statement (or statements) below: a. the U.S. unemployment rate was below 5.0% in 2018 b. U.S. trade restrictions cost consumers $200 billion annually c. when the national unemployment rate is 6%, the unemployment rate for inner city youth is often close to 30% d. none of the statements above are normativetrue or false 1. Countries like finlamd and norway are unlikely to suffere from the scarcity problem as defined in economic theory? 2. in the economic circular flow model, capital formation is a flow that is mainly linked to firms? 3. equilibrium in any market can be described as the point where demand is equal to supply.
- Overall, would it be more profitable for a business to follow the economic model or the socioeconomic model of social responsibility. Should therre be less?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 onlyWhat methodological conaiden ation in Econ omics will be useful far decision- making or policy making? A. Welfare Econmics B. Narmative Ecanomics C. Positive Economics D. None of the above
