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What do consumers do that influences producers according to the circular flow model?
Updated: 10/3/2021
Purchase goods and services
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According to the circular flow model what is something consumers do that influences producers?
Purchase goods and services
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
Which best explains how a free market system has a circular flow of influences?
Consumers decisions affect producers, and producer decisions affect consumers.
You live in an economy with a circular flow of influences and inputs between producers and consumers Producers make goods and provide services that go to the consumers to be used Prices are determine?
Free market
What results the fact that a free market is based on the free choices of consumers and producers?
The free-market system has a circular flow of influences.
Who of the following best explains how a free-market system has a circular flow of influences?
Consumer decisions affect producers, and producer decisions affect consumers
What best explains why the free-market system follows a circular flow model?
consumers and producers influence each other in a circular fashion
The movement of income from producers of goods and services to consumers and back to producers is known as the?
The movement of income from producers of goods and services to consumers, and back to the producer is known as the circular flow. Circular flow is generally shown in a circular flow chart or model.
According to the circular flow model which of the following do producers provide to consumers?
wages APEX
The movement of income from producers of goods and services to consumers and back to producers is known as what?
Circular Flow Of Income
What is the role for consumers and producers in a free market system?
A circular flow model
You live in an economy with a circular flow of influences and inputs between producers and consumers What kind of economy do you live in?
A. Free market
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