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If box B represents the resources market and flow 3 represents money income then?
Adh99
Box D is the product market and box C is households.
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∙ 11y ago
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Where do resources owners get the money to buy goods and services in the product market?
Resource owners get the money from money-income payments ( from firms ) in the form of wages,rent, salaries, interest and profits.
Describe the circular Flow Model?
The circular flow model is a summary of the operation of a market economy, that is the flow between production factors (firms) and households. Firms provide an income to households though employment (labour) and in the same manor households spend their income on firms for services and products.
What is an LM curve?
It is the locus of combination of the interst rate and real national income for which money demand wquals money supply.So called because it represents the points where liquidity equals the money supply.
Where do resource owners get the money to buy goods and services in the product market?
Resource owners get the money from money-income payments ( from firms ) in the form of wages,rent, salaries, interest and profits.
Differences between real income and money income?
Money Income :- The income of a person is considered to be money income which is of his own disposal. eg - salary, wages, interest etc. Real Income :- The goods & services which a person buy from the money income is real income.
Where do resources owners get the money to buy goods and services in the product market?
Resource owners get the money from money-income payments ( from firms ) in the form of wages,rent, salaries, interest and profits.
Importance of physical resources?
Like usage of money. On how we spend our income
What is the money market used for?
The money market is used for one to invest money to make more money. The money market is what helps the economy to grow and prosper by one being interested to invest one's income.
How much money represents moderate income?
$ 60,000 per year for a family of four.
Describe the circular Flow Model?
The circular flow model is a summary of the operation of a market economy, that is the flow between production factors (firms) and households. Firms provide an income to households though employment (labour) and in the same manor households spend their income on firms for services and products.
What is the meaning of finance?
The income of a ruler or of a state; revennue; public money; sometimes, the income of an individual; often used in the plural for funds; available money; resources., The science of raising and expending the public revenue.
1099-c from a short sale on a home?
Represents the cancellation of debt, which is income you received. The same as if the lender gave you money.
What is an LM curve?
It is the locus of combination of the interst rate and real national income for which money demand wquals money supply.So called because it represents the points where liquidity equals the money supply.
What is an argument in favor of lowering the levels of personal income tax?
Consumers will spend more money in the free market.
Which of the following is an argument in favor of lowering the levels of personal income tax?
consumers will spend more money in the market.
Where do resource owners get the money to buy goods and service in the product market?
Resource owners get the money from money-income payments ( from firms ) in the form of wages,rent, salaries, interest and profits.
How can I tell if my money market is tax free?
You will need to consult with your financial advisor. Money market funds not advertised as "tax free" are not. In addition, even a "tax free" fund may be subject to state or local income taxes.
