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Author Question: A discouraged worker is someone who A) is not in the labor force. B) is employed. C) has been ... (Read 72 times)

ericka1

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on: Jun 30, 2018
A discouraged worker is someone who
 
  A) is not in the labor force. B) is employed.
  C) has been fired. D) is unemployed.

Question 2

Explain the concept of the circular flow.
 
  What will be an ideal response?


triiciiaa

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

The circular flow refers to the interrelationships between income and output. In every exchange the seller receives exactly what the buyer pays. This also means that someone's receipt is someone else's payment. Goods and services flow in one direction and money payments in the other. The total income received by people must equal the total spending of people. Businesses provide goods and services and sell them to households, and households provide the resources used by firms in exchange for income.


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