This topic contains a solution. Click here to go to the answer

Author Question: shows the circular flow of income.FIGURE 1-9Refer to Figure 1-9. In the circular flow of ... (Read 79 times)

billyboy7272

  • Full Member
  • ***
  • Posts: 149

Question 1

In economics, what word is used to describe the act of using goods or services to satisfy wants?
◦ production
◦ shopping
◦ consumption
◦ investment
◦ purchasing power

Question 2

Figure 1-9 shows the circular flow of income.



FIGURE 1-9

Refer to Figure 1-9. In the circular flow of income "Payments for A" represents ________; "Payments for B" represents ________.


◦ "Payments for factor services"; "Employment Insurance"
◦ "Payments for goods and services"; "Taxation and Insurance claims"
◦ "Government Transfer payments"; "Payments for goods and services"
◦ "Payments for goods and services"; "Payments for factor services"
◦ "Payments for factor services"; "Payments for goods and services"


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by billyboy7272 on Oct 12, 2022

fowlerhop@rocketmail.com

  • Full Member
  • ***
  • Posts: 139
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 27% of students answer this correctly




billyboy7272

  • Member
  • Posts: 149
Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review


laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

For a complete list of videos, visit our video library