BUSINESS HIGH SCHOOL

According to the circular flow model of the economy, a person's job in a shoe factory is within the _______ market. A. product
B. consumer
C. resource
D. service

Answers

Answer 1
Answer: According to the circular flow model of the economy, a person's job in a shoe factory is within a [Resource] market. Resource market is a market in which the business can buy a resources which is a person that works for them to be able to produce goods and services

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A group that sponsors bike helmet poster contests for children to promote bicycle safety is providing which of the following marketing offerings? Services Goods Ideas Innovations Promotions

Costs of production that affect people who have no control over how much of a good is produced

Answers

SPILLOVER COSTS are costs of production that affect people who have no control over how much of a good is produced. 

Spillover cost is also known as "negative externalities". This happens when costs of production are not fully reflected on market demand or supply schedules that may result to a loss or damage on a third party involved in a market transaction.

Suppose that an initial $10 billion increase in investment spending expands GDP by $10 billion in the first round of the multiplier process. Also assume that GDP and consumption both rise by $8 billion in the second round of the process.A) What is the MPC in this economy? B) What is the size of the multiplier?

Answers

Answer: A. MPC = 0.8

B. Multiplier = 5

Explanation:

Given in the question above, we have:

Change in consumption = $8 billion

Change in income = $10 billion

(We know, GDP = C + I + G + (X-M)

Where;

C= consumption

I= investment

G= government expenditure

X-M= net exports

Therefore, change in Investment by $10B means GDP automatically increases by $10B. Similarly, change in Consumption by $8B means GDP automatically increases by $8B.

a) The formula used to find MPC:

MPC = Change in consumption / Change in income

MPC = 8/10 = 0.8

Therefore MPC = 0.8

b) Formula to find multiplier:

k = 1/(1-MPC)

k= 1/1-0.8

k= 1/0.2

k= 5.

Tom and nancy boyle were surprised to learn that some of their valuable personal property-a gun collection, jewelry, a mink coat, and sterling silverware-was subject to internal limits under their homeowners policy. what separate insurance policy can the boyles purchase to obtain the desired coverage on this personal property

Answers

A personal articles floater is used insure more valuable property like this. It goes beyound the limitations of a homeowner's policy.

A mixed market economy tends to exist under a

Answers

Answer choices are:

A. Communist government that provides little regulation.

B. Democratic government that provides some regulation.

C. Representative government that provides no regulation.

D. Socialist government that provides a lot of regulation.

________________________________________

Correct answer choice is:

B. Democratic government that provides some regulation.

________________________________________

Explanation:

A mixed market economy is an economic regularity in which both the private industry and a standard of state patent (normally in public assistance, security, infrastructure, and essential enterprises) synchronize. All advanced economies are combined where the medians of generation are distributed between the private and public divisions. Also proclaimed a dual economy. A combination of free markets and state interference. This definition of a mixed economy leads to a mixture of market forces with government interference in the frame of regulations, macroeconomic strategies and social benefit intrusions directed at enhancing market outcomes.

A mixed market economy tends to exist under a democraticgovernment that provides some regulation.

Option (B) is correct.

A mixed market economy combines elements of both free-market capitalism and government intervention. In a democratic government, there is a balance between private ownership and government involvement in the economy.

Some regulation is implemented to ensure fair competition, consumer protection, and social welfare. The government may intervene in areas like labor laws, environmental regulations, and antitrust measures. This system allows for private enterprise and individual economicfreedom while addressing market failures and promoting public interest. The combination of market forcesand government intervention allows for a diverse and dynamic economic environment in a mixed market economy.

To know more about mixed market economy :
brainly.com/question/2861587

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The complete question:

A mixed market economy tends to exist under a:

A) communist government that provides little regulation.

B) democratic government that provides some regulation.

C) representative government that provides no regulation.

D) socialist government that provides a lot of regulation.

Which careers require a person to be confident when speaking in front of audiences?A. the performing arts and broadcast journalism
B. broadcast journalism and A/V technology
C. printing technology and the visual arts
D. the performing arts and printing technology

Answers

A. the performing arts and broadcast journalism
Letter A would probably be correct since performing arts is where you perform in front of a large audience, which could include speaking, and broadcast journalism since you're being broadcasted in front of a large audience everywhere.

Which of the following is not a disadvantage to cash advances on a credit card? a. Cash advances are similar to loans in that they need to be paid back with interest. b. Cash advances require a lot of paperwork and are generally difficult to get. c. Cash advances are often the last thing to be paid when paying off your credit card. d. Cash advances often come with an interest rate much higher than your credit card.

Answers

the correct answer is B. Cash advances require a lot of paperwork and are generally difficult to get.

just did the test, A. was wrong

The statement that is not a disadvantage to cash advances on a credit card is that (A) Cash advances are similar to loans in that they need to be paid back with interest. When you ask for a cash advance, it is a service provided by most credit card and charge card issuers. This will become a credit limit.
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