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Author Question: In the Circular Flow Model monies flow from the business firms to households. Where does the money ... (Read 138 times)

cherise1989

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on: Sep 11, 2018
In the Circular Flow Model monies flow from the business firms to households. Where does the money go from the households.
 
  What will be an ideal response?

Question 2

In 2002 there was a quota on 100 cotton blend denim jeans manufactured in China. Due to the quota many manufacturers could not deliver jeans to their retail customers for the back to school season. This situation exemplifies
 
  a. Absolute quotas c. Comparative quotas
  b. Tariff rate quotas d. Duty taxes


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ashely1112

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Reply #1 on: Sep 11, 2018
Answer to Question 1

To the product market for finished goods and services.

Answer to Question 2

a


cherise1989

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Reply #2 on: Sep 11, 2018
TY


ashely1112

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Reply #3 on: Sep 11, 2018
You're welcome


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