Ask Question
BusinessBusiness
28 September, 08:53

One person's spending becomes another person's income. This statement is

a. the basis for all economics.

b. the Quantity Theory of Money.

c. the Marginal Productivity Theory of Resource Allocation.

d. the Circular Flow Model.

e. profit maximization rule for perfectly competitive firms.

+3
Answers (1)
  1. 28 September, 12:32
    0
    d. the Circular Flow Model

    Explanation:

    Based on the information provided within the question it can be said that this statement is an example of the Circular Flow Model. This model (like mentioned in the question) illustrates the flow of cash from different people or company's in different industries. Where one person/company pays another, which takes it in as income and uses that to pay another company for what they need and so on.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “One person's spending becomes another person's income. This statement is a. the basis for all economics. b. the Quantity Theory of Money. ...” 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
Which of the following would result if a business purchased equipment with a 40% down payment and the rest on account?
Answers (2)
What is a negative externality? Group of answer choices 1. Harm from economic activity that affects persons not involved in the economic transaction 2. Benefit from economic activity that affects persons not involved in the economic transaction 3.
Answers (1)
In the evolution of marketing, the marketing concept era emphasized selling and advertising in an effort to persuade consumers to buy existing products. O True O False
Answers (1)
Project risk is lowest during the: Finish phase of the project life cycle. Conceive phase of the project life cycle. Develop phase of the project life cycle. Execute phase of the project life cycle.
Answers (1)
Pina Colada Corp. receives $180,000 when it issues a $180,000, 9%, mortgage note payable to finance the construction of a building at December 31, 2019. The terms provide for annual installment payments of $30,000 on December 31.
Answers (1)
New Questions in Business
Equity theory is the principle that when jobs are distinctly different but entail similar levels of ability, responsibility, skills, and working conditions, they are of equal value and should have the same pay scale. True False
Answers (1)
Which of the following situations will likely result in the highest price for a good? -high demand and high supply -low demand and high supply -low supply and low demand -low supply and high demand
Answers (1)
Which statement is not true? 26% of fortune 500 CEOs are women More than 50% of all professional level jobs are healed by women 8.1% of the top earners or women 4.6% of fortune 500 CEOs are women
Answers (1)
If in response to a spreading recession, the President calls for an increase in investment spending by businesses, which of the following would be the best policy mix to accomplish this goal without increasing the output level?
Answers (1)
How taxation and legislation impact positively (contribute to the company's success) and negatively (can lead to failure) on the company you visited
Answers (1)
Home » Business » One person's spending becomes another person's income. This statement is a. the basis for all economics. b. the Quantity Theory of Money. c. the Marginal Productivity Theory of Resource Allocation. d. the Circular Flow Model. e.
Sign Up Forgot Password?