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What characterizes the free-market system as consumers influence producers and producers influence consumers?
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Which of the following best explains why the circular flow model characterizes the free-market system?
Consumers and producers influence each other in a circular fashion.
What best explains why the free-market system follows a circular flow model?
consumers and producers influence each other in a circular fashion
Because the choices of consumers influence producers and the choices of producers also influence consumers the free-market system has which of the following?
A circular flow of influences
What group of players make all of the economic decisions in a freemarket system?
The US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.
Consumers influence the decisions of producers in which of the following way?
through the purchasing decisions they make
Why circular flow model characterizes the free market system?
Consumers and producers influence each other in a circular fashion.
In a freemarket system consumers let producers know what they want to buy and how much theyre willing to pay through what?
Their purchases.
Which of the following best explains why the circular flow model characterizes the free-market system?
Consumers and producers influence each other in a circular fashion.
What best explains why the free-market system follows a circular flow model?
consumers and producers influence each other in a circular fashion
Because the choices of consumers influence producers and the choices of producers also influence consumers the free-market system has which of the following?
A circular flow of influences
What explains how consumers purchases influence the decisions of producers?
Producers can figure out what consumers are willing to pay based on what they buy.
What is something consumers do to influence producers?
Is by demanding the product
What best explains how consumers purchase influence the decisions of producers?
Producers can figure out what consumers are willing to pay based on what they buy.
Who do producers depend on in an ecosystem?
Producers do not depend on other organisms in quite the same was as consumers do. They depend directly on the sun for energy. Other organisms do influence producers though, such as fellow producers competing for sunlight (blocking out from other producers) as well as consumers, which are a danger to producers.
What group of players make all of the economic decisions in a freemarket system?
The US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.
Consumers influence the decisions of producers in which of the following ways?
Through the purchasing decisions they make
Consumers influence the decisions of producers in which of the following way?
through the purchasing decisions they make
