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What are The two primary players in the circular flow model are?
Households and Businesses
What is the primary way that payments flow from you.s. households to the government?
The primary way that payments flow from U.S. households to the government is through taxation. Households pay various taxes, including federal income tax, state and local taxes, payroll taxes for Social Security and Medicare, and property taxes. These payments are crucial for funding government services, infrastructure, and social programs. Additionally, households may also contribute through fees and fines imposed by government entities.
What factor determines how much households can spend on final goods and services?
The primary factor that determines how much households can spend on final goods and services is their disposable income, which is the income available after taxes and necessary expenses. Other influences include consumer confidence, savings rates, and access to credit. Additionally, economic conditions, such as inflation and employment levels, also play a significant role in household spending capacity.
What are the four economic sectors?
They are the Primary, Secondary, Teritary and Consumer
What role do people play in the economy?
The primary participants in the circular flow of goods and services are businesses and households. Households are made up of individuals who both spend money and are the recipients of money. Businesses do the same--
What is the Chicago Video Project all about?
The Chicago Video Project is a non profit group aimed at raising awareness for different organizations causes. Their primary means of raising awareness is through videos.
Is a buffalo a secondary or primary consumer?
It is a consumer. It eats grass
Is a fish a primary consumer a secondary consumer or tertiary consumer?
primary
Is a polar bear a secondary consumer or primary consumer?
It is a primary consumer.
Is a cougar a primary consumer tertiary consumer or a quaternary consumer?
a primary
Is a owl a primary consumer?
No. Owls are not a Primary Consumer.
Is a betel a primary consumer?
is a beetle a primary consumer
Is a pig a secondary or primary consumer?
primary consumer
Is a fish a primary consumer or secondary consumer?
primary
Is a hedgehog a primary consumer?
is heghog primary consumer
Is a pig an primary or secondary consumer?
primary consumer
Is a fish a primary consumer or a secondary consumer?
primary
