--%>

Simple circular flow model

The simple circular flow model illustrates that: A) households are on the buying side of both product and resource markets. B) businesses are on the selling side of both product and resource markets. C) households are on the selling side of the resource market and on the buying side of the product market. D) businesses are on the buying side of the product market and on the selling side of the resource market.

   Related Questions in Microeconomics

  • Q : Explain about price-taker The purely

    The purely competitive firm: (w) is a price-taker. (x) confronts an inelastic demand curve. (y) should decide what price to charge. (z) maximizes total revenue. How can I solve my Economics problem

  • Q : Exceeds marginal revenue curve by

    That this firm can’t successfully price discriminate is most strongly indicated through the fact that: (1) the linear demand curve exceeds the marginal revenue curve for all outputs shown. (2) MR = MC maximizes profit. (3) total revenue total co

  • Q : Concentration ratio explain the concept

    explain the concept of a concentration ratio. is the concentration ratio in a monoplistically competitive industry likely to be higher than for a perfectly competitive industry?

  • Q : Total utility of water in Paradox of

    Clean drinking water is accessible at a much lower price than the costs of equal amounts of gold. This actuality is most reliable with the outcome that whenever a consumer is in equilibrium, then the: (i) Net utility of water is very higher than its marginal utility,

  • Q : Features of Indifference Curve Describe

    Describe the features of Indifference Curve? Answer: A) Indifference curves slopes downward from left to right.B) Indifference curves are Convex to origin. C) Two Indifference curve not at all intersect

  • Q : Analytic Time-Short Run I have a

    I have a problem in economics on Analytic Time-The Short Run. Please help me in the following question. In short run: (1) At least one resource is fixed. (2) Firms can enter or exit the industry. (3) Economies of the scale are present. (4) Total fixed cost rises with

  • Q : Demand perfectly price elastic

    Demand is perfectly price elastic when the price for Pixie's cheesy fried grits is a mostly unmeasurably small bit below the: (1) zero. (2) P1. (3) P2. (4) P3. (5) P4.

    Q : Marginal resource cost for a monopsonist

    Can someone help me in finding out the right answer from the given options. The marginal resource cost for the monopsonist in labor market which can’t wage discriminate: (i) Is perfectly elastic. (ii) Lies above the market supply of labor. (iii) Is perfectly ine

  • Q : Corporate Taxes-Disadvantages of a

    One of the major disadvantages of the corporation is: (i) Double taxation of its gains. (ii) Its incapability to outlive the death of an owner. (iii) Its unlimited liability. (iv) Its inability to increase the financial resources.

  • Q : Numerical problem on Relative Prices

    When the market price of a gallon of gas is similar as the cost of 4 pineapples in dollars, the relative price of the pineapple is: (i) 1/4 of a gallon of gas. (ii) 25 cents. (iii) 4 gallons of gas. (iv) $4.00. Can someone please h