Author Question: Refer to Figure 2-12. One segment of the circular flow diagram in the Figure shows the flow of funds ... (Read 225 times)

crazycityslicker

  • Hero Member
  • *****
  • Posts: 537
Refer to Figure 2-12. One segment of the circular flow diagram in the Figure shows the flow of funds from market F to economic agents G. The funds represent spending on goods and services. What is market F and who are economic agents G?
 
  A) F = product markets; G = firms B) F = factor markets; G = firms
  C) F = factor markets; G = households D) F = product markets; G = households

Question 2

Explain how the Supplemental Security Income Program works.
 
  What will be an ideal response?



apple

  • Sr. Member
  • ****
  • Posts: 352
Answer to Question 1

A

Answer to Question 2

The SSI is designed to take care of the elderly who end up very poor and have no, or very low Social Security entitlement. The program has no trust fund and is thus funded out of general tax revenues.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

For a complete list of videos, visit our video library