The circular flow model Study guides, Study notes & Summaries

Skip to main contentSide panel ECS1601-23-S2 Online assessments Assessment 1 QUIZ Assessment 1 Started on Saturday, 19 August 2023, 2:43 PM State Finished Completed on Saturday, 19 August 2023, 3:14 PM Time taken 30 mins 14 secs Marks 28.00/40.00 Grade 70.00 out of 100.00 Question 1 Complete Mark 2.00 out of 2.00 Flag question Question text The circular flow model reveals that a decrease in South African imports will … . a. decrease South African imports b. increase ...

The correct alternative is [5]. Explanation: In the goods market of the circular flow model, consumers receive income in the form of salaries and wages, interest, rent and profit and use this income to purchase finished consumer goods and services. Question 2 The correct alternative is [4]. Explanation A factor market is a market where factors of production such as labour, land and capital are traded. Therefore, in this case only the sale of land (i.e. farmland) will occur in a factor ma...

BCOR 1030 Final Exam Questions and Answers Rated A How does culture influence communication? it provides a framework that shapes the messages you send and receive everyday High context cultures gather subtle information from facial expressions, vocal cues, and even silence in interpreting messages Low context cultures rely on language and meanings of words Individualistic cultures value their own interests more than the group Collectivist cultures value the group interests more than their o...

Question 1 In the goods market of the circular flow model, …. 1) firms buy factors of production from consumers 2) firms buy finished products from households 3) consumers buy factors of production from firms 4) firms sell factors of production to the government 5) consumers buy finished products from firms The correct alternative is [5]. Explanation In the goods market of the circular flow model, consumers receive income in the form of salaries and wages, interest, rent and profit ...

ECS1601 Exam Preparation For 2022 – Past Papers with verified Answers. Households are confronted with unlimited wants, but with limited resources with which to satisfy those wants b) The scarcity of resources necessitate households to make choices - ANS-both a and b are correct Which of the following is/are correct regarding the distinction between macroeconomics and microeconomics? a) The price of apples at the supermarket is an example of a macroeconomic variable. b) An increase in th...

Wall Street Prep Exam:Transaction Comps Modeling Wall Street Prep Exam Questions and Answers | 100% Correct. Company X's current assets increased by $40 million from while the companies current liabilities increased by $25 million over the same period. the cash impact of the change in working capital was a decrease of 15 million 4. the final component of an earnings projection model is calculating interest expense. the calculation may create a circular reference because interest expense...

In terms of the circular flow diagram, households make expenditures in the _____ market and receive income through the _____ market. - ANSWER product; resource Which of the following is a positive statement? - ANSWER The temperature is 92 degrees today. Refer to the diagram. Flow 1 represents - ANSWER wage, rent, interest, and profit income.D The two basic markets shown by the simple circular flow model are - ANSWER product and resource. The four factors of production are - ANSWER land, la...

NCE + CPCE Questions TEST BANK. All Examinable Questions with accurate answers. 100% Approved pass rate. FULL COVERAGE,0VER 200 QUIZZES ________ was a university professor in the late 19th and early 20th century who was an advocate for the career guidance movement and wrote several books about the importance of vocational counseling. In 1909, ______ most well-known book, Choosing a Vocation, was published posthumously and outlined the trait-factor theory of career development. Frank Pars...

LBO Modeling Exam Wallstreet Prep Questions With Answers Latest Updated 2024/2025 (Graded A+) What is generally not considered to be a pre-tax non-recurring (unusual or infrequent) item? - ANSWER>>>Extraordinary gains/losses what is false about depreciation and amortization - ANSWER>>>D&A may be classified within interest expense Company X's current assets increased by $40 million from while the companies current liabilities increased by $25 million over the same period....

CBC1501 Communication In Business Contexts EXAM PACK 2022. OCT/NOV 2019 Question Answer Explanation 1 3 The interactive communication model describes two-way communication. Option 1, 2 and 4 describe one-way communication. 2 3 The message is the meaning of what you want to convey and would be the part that you would make sure is understood by being clear and precise. The aim is understanding. 3 2 Accent falls under semantic barriers. Refer to your notes. 4 1 This question deals with ...