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Which best explains why the free-market system follows a circular-flow model?
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In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
What best explains why the free market system follows a circular flow model?
The free choices made by consumers and producers influence each other. ~Apex
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.
What explains how a barter system works?
Goods and services are exchanged without the use of money.
What best explains how the invention of money affected the barter system?
The invention of money supplemented the barter system by providing a nonperishable medium of exchange.
What is freemarket system?
It means the the business is privately owned and operated. It is not owned or controlled by the goverment.
In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
In a freemarket system consumers let producers know what they want to buy and how much theyre willing to pay through what?
Their purchases.
What system follows the digestive system?
The excretory system.
What is a continuation of the electrical system of the heart that follows the outer walls of the ventricle?
The His-Purkinje system is the part of the heart's electrical system that follows the outer walls of the ventricle.
What explains the operation of a hydraulic lift system?
Pascals
What explains the factor responsible for setting prices in a free market system?
"Supply is relative to demand" explains the factors responsible for setting prices in a free market system.
What follows the mouth in the digestive system?
the esophagus
Which theory explains that the earth is the center of the solar system?
Geocentricism.
What Principle explains the operation of a hydraulic lift system?
Pascals
Which explains why a sealed calorimeter is a closed system?
temperature is conseved
Which explains the trend in immigration after 1921?
The enactment of a quota system
