MACROECONOMICS FOR TODAY
10th Edition
ISBN: 9781337613057
Author: Tucker
Publisher: CENGAGE L
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Question
Chapter 5, Problem 17SQ
To determine
The flow of money from household to business.
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Students have asked these similar questions
Part A. In the circular flow diagram what do households do in the factor market, buy or sell?
Part B. In the Factor Market do firms buy or sell?
Households play a role in the circular flow of goods by:
A. providing natural resources to businesses.B. designing and producing new goods.C. selling goods that companies produce.D. purchasing goods at product markets.
In the circular flow model, households are buyers and firms are sellers in the
a. government market
b. monetary flows
c. goods and services market
d. labor market
Chapter 5 Solutions
MACROECONOMICS FOR TODAY
Ch. 5.6 - Prob. 1YTECh. 5 - Prob. 1SQPCh. 5 - Prob. 2SQPCh. 5 - Prob. 3SQPCh. 5 - Prob. 4SQPCh. 5 - Prob. 5SQPCh. 5 - Prob. 6SQPCh. 5 - Prob. 7SQPCh. 5 - Prob. 8SQPCh. 5 - Prob. 9SQP
Ch. 5 - Prob. 10SQPCh. 5 - Prob. 11SQPCh. 5 - Prob. 12SQPCh. 5 - Prob. 13SQPCh. 5 - Prob. 1SQCh. 5 - Prob. 2SQCh. 5 - Prob. 3SQCh. 5 - Prob. 4SQCh. 5 - Prob. 5SQCh. 5 - Prob. 6SQCh. 5 - Prob. 7SQCh. 5 - Prob. 8SQCh. 5 - Prob. 9SQCh. 5 - Prob. 10SQCh. 5 - Prob. 11SQCh. 5 - Prob. 12SQCh. 5 - Prob. 13SQCh. 5 - Prob. 14SQCh. 5 - Prob. 15SQCh. 5 - Prob. 16SQCh. 5 - Prob. 17SQCh. 5 - Prob. 18SQCh. 5 - Prob. 19SQCh. 5 - Prob. 20SQ
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- 1. Draw a circular flow diagram. Identify the parts of the model that correspond to the flow of goods and services and the follow of money for each of the following activities. Alain pays a storekeeper P100 for a liter of milk. John earns P90 per hour working at a fast-food restaurant Hanna spends P120 to get a haircut Anton earns P100,000 from his retailing business.arrow_forwardAn example of a flow variable is a. capital. b. consumption expenditure by households. c. the machinery owned by a firm. d. the cash held by households.arrow_forwardNAME SECTION# PRINT LAST NAME, FIRST NAME In the circular flow model, the household sector goods and services in 8. markets. demands; product supplies; product demands; resource a. b. Appendix: C. d. supplies; resource Economics relies on mathematical students to apply their knowledge of arith graphing functions, and some geometry and analyze relationships between varis In the circular flow model, the business sector the factors of production (inputs) 9. in markets. demands; product supplies; product demands; resource supplies; resource a. Most of the mathematical calc subtraction, multiplication, or divisic (quantities). Students are often encc calculations. It may be necessary te example, to calculate average tota is equal to total cost divided by th produce 50 units of output, then Some students regard these rela the student's background and numbers and have difficulty k helpful. b. C. d. In the circular flow model, firms in the business sector product markets and demand; demand…arrow_forward
- OS consumer goods in terms of capital goods in Figure below?arrow_forwarda. Draw a circular-flow diagram. Identify the parts of the model that correspondto the flow of goods and services and the flow of dollars for each of thefollowing activities. i. Paul purchases a pair of shoes for $30. ii. Shannon receives a salary of $1,500 per week at the supermarket whichshe works. iii. Honda Limited receives $20,000 for the sale of a sports utility vehicle. iv. Mark earns $2,000 from his 15 percent ownership of Apple stock.arrow_forward2. Draw a Circular-Flow diagram. Identify the parts of the model that correspond to the flow of goods and services and the flow of money for each of the following activities. (a) Pervin pays a shopkeeper 1 manat for a litre of milk. (b) Nermin earns 3 manats per hour working at a fast food restraunt (c) Azer spends 7 euros to see a film. (d) Anar earns 10000 euros from his 10 percent ownership in a travel company.arrow_forward
- Which of the following is considered a factor of production? A) Money B) Labor C) Stocks and bonds D) Consumer goods Don't use chatgpt otherwise give 20 downvotesarrow_forwardIn economic terminology, the inputs used to make goods and services are referred to as A. intangibles . B. factors of production. C. real output . D. durables and nondurables.arrow_forward5.) In the flow of funds model, households make cash payments in the cash payments in the market and receive market. a.) product, product b.) product, factor c.) factor, factor d.) factor, product 6.) Which of the following statements is positive? a.) Patent length should increase to encourage the development of new pharmaceutical drugs b.) TCNJ should lower its tuition c.) A higher minimum wage would cause unemployment d.) None of the abovearrow_forward
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