Ask Question
BusinessBusiness
3 November, 03:38

In the circular flow model businesses demand products and supply resources.

a. True

b. False

+4
Answers (1)
  1. 3 November, 07:18
    0
    This is false. In fact, in the circular flow model, it is the exact opposite for firms. These businesses supply products to the people buying them and demand resources (i. e., land, labor, capital) as a way of creating these products for the consumers.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In the circular flow model businesses demand products and supply resources. a. True b. False ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
One of the biggest mistakes new business owners make is Choosing the wrong location Failing to plan for taxes Underestimating personal expenses Underfunding the business
Answers (2)
One important purpose of a brand is to 1. sell advertising space. 2. minimize product line depth needed to be effective. 3. increase consumer recognition and awareness of product offerings. 4. reduce product packaging. 5. meet government regulations.
Answers (1)
The interest rate at which the Federal Reserve Banks lend to commercial banks is called the bank rate. A. Short-term. B. Prime. C. discount D. Federal funds.
Answers (1)
One-Stop, a national bank, conducted a survey on how long a customer usually has to wait at its bank. According to the survey, on an average, customers waited five to ten minutes in the queue to deposit their cash into a deposit machine.
Answers (1)
Ron and several fellow workers of Vicy, Inc., a small manufacturing company, wished to organize a union.
Answers (1)
New Questions in Business
In which case can we be sure aggregate demand shifts left overall? a. people want to save more for retirement and the Fed increases the money supply. b. people want to save more for retirement and the Fed decreases the money supply. c.
Answers (1)
Bart has decided to buy some water balloons rather than get an extra milk at lunch. choosing among economic alternatives is referred to as
Answers (1)
Wims, inc., has current assets of $6,000, net fixed assets of $25,100, current liabilities of $4,950, and long-term debt of $12,000. a. What is the value of the shareholders' eq
Answers (1)
Businesses are most likely to grow during which of the following phases of the business cycle? A. expansion B. contraction C. trough D. recession
Answers (1)
Zero Corp. suffered a loss having a material effect on its financial statements as a result of a customer's bankruptcy that rendered a trade receivable uncollectible.
Answers (2)
Home » Business » In the circular flow model businesses demand products and supply resources. a. True b. False
Sign Up Forgot Password?