How does the circular flow model help people see the error in believing there is a fixed lump of labor?

A. Adding new people into the model means they can only have a job if they take it from someone else. So, there are more households, not more jobs.

B. Adding new people into the model means that there are more firms and production increases. So, there are more goods and services, but not more households.

C. Adding new people into the model increases the supply of labor and increases the demand for goods and services.

D. Adding new people into the model does not change the demand for goods and services; it only changes the supply of labor.

Answers

Answer 1
B. Adding new people into the model means that there are more films and production increases. So, there are more goods and services, but not more households.
Answer 2

The circular flow model helps people see the error in believing there is a fixed lump of labor by illustrating that adding new people to the model increases both the supply of labor and the demand for goods and services. Therefore, option C is the correct answer.

What is the lump theory of labor?

The fallacy known as the lump of labor is the idea that there is a certain quantity of work that must be completed. If this were the case, redistribution of existing positions would not be possible. The introduction of new technology or an influx of fresh workers has frequently made those who hold to the myth feel threatened.

In the circular flow model, households supply labor to firms, and in return, firms provide wages to households, which they use to purchase goods and services from firms. When new people are added to the model, they increase the supply of labor available to firms, which can increase the production and output of goods and services. At the same time, these new households also increase the demand for goods and services, as they need to consume and purchase items for their daily needs.

Thus, the ideal selection is option C.

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Related Questions

identify three features of an economic that is In the stage of ‘’economic growth’’

Answers

Answer: They include land (including natural resources), capital, and labor.

Explanation:

The intermediate goods are not counted in the calculation of GDP, because: * 2 points A. that involves double-counting. B. these goods are not produced for the market. C. these are produced in the underground economy. D. these goods involve financial transactions. E. these goods were not produced in the current year.

Answers

Answer:

A. that involves double-counting.

Explanation:

Imagine a company that produces furniture. If we would include the wood, the nails, the wood paint, etc., were included in the calculation plus the furniture itself, you would be double-counting the cost of the manufactured furniture. If you consider waste materials, then you would be adding even more costs. That is why you only consider finished goods.


Which of the following is NOT a career and technical student organization mentioned in the presentation?

Answers

Answer:

FHA or Computers for Kids

Which of the following is not a benefit of marriage, according to the U.S. Department of Health and Human Services?


making better decisions

mentally healthier

wealthier

at decreased risk of alcohol and drug use

Answers

Answer: wealthier

Explanation:

According to the report by the U.S. Department of Health and Human Services, marriage is beneficial in various ways to both spouses and offspring.

It stated that having a spouse enabled for better decision making in various areas including in substance abuse which led to a decreased risk in both alcohol and drug use.

Being married can also contribute to the general mental health of spouses.

There was no mention however, of marriage making people wealthier.

Answer: making better decisions

Explanation: it's correct on edge

What are four types of taxes that you pay (or are likely to pay in the future)? Describe these types of taxes

Answers

Four types of taxes that you can pay are the State Withholding Tax, a Federal Withholding Tax, a Property Tax, and a Sales Tax. Both withholding taxes are withheld from your paycheck going into state officials and federal officials. Property Taxes are charged against any personal property that you own, and Sales Tax is what you pay on any purchases that you buy, each price varying depending on what state or country you're in.

The State Withholding Tax, Federal Withholding Tax, Property Tax, and Sales Tax are the four sorts of taxes you can pay.

What is Property Tax?

A property tax, usually referred to as a millage rate, is levied by the majority of regional governments in the United States as their main revenue source. Either real estate or private possessions may be subject to this tax. The majority of property owners are required by law to pay real estate taxes in each of the 50 states of the United States, and state property taxes differ.

It's interesting to note that in the USA, property taxes are the main source of income for state and local governments. Property taxes are assessed based on the value of your home, and the average rate is now between 0.1% and 1.9%.

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Not showing up to work on time on a regular basis could cause your manager to question your:

Professionalism

fit between your interests and your job

choice of transportation mode

planning skills

I DONT KNOW YET

Answers

Answer:

Professionalism.

Explanation:

Professionalism can be defined as an act which typically involves the positive behavior, conduct and attitude that are being exhibited by an employee. Thus, being a professional simply means that the person displays some level of professionalism such as being responsible, punctual, excellent, ethical, respectful, dedicated, dogged etc.

Basically, it is very important and essential for employees to act in a professional manner while performing their job functions or executing various tasks.

Hence, not showing up to work on time on a regular basis could cause your manager to question your professionalism.

I need help on this question please

Answers

Answer:

see below

Explanation:

The Federal Reserve serves as the bank for the federal government. It offers banking services to the government just like commercial banks provide services to the general public.

The Federal Reserve is the regulator of commercial banks in the country.

From the list, the roles of the Federal Reserve and commercial banks are as follows.

Federal bank

Regulates safe and lawful operations

Provides financial services to the government

Conducts nations monetary polices

Other commercial banks

Accepts deposits from people

Lends money through to consumers and businesses

Data collected by a company to solve a specific research problem is called _____________.
- Primary data
- Secondary data

Answers

Answer:

Primary data

Explanation:

Primary data is information collected by a researcher from the field for the first time. The tools used to collect primary data are designed to address a particular problem. Consequently, the gathered information will be relevant to solving the problem at hand. Primary data is first-hand information and is collected using questionnaires, surveys, and interviews.

Secondary data is information that had been collected previously for other purposes but was found useful in another study.

What types of laws prevent advertisers from exaggerating the effectiveness of their products and services?

Truth in advertising laws

Fair trade laws

Market equality laws

Honesty in marketing laws

Answers

Honestly in markering laws.

Answer:

honesty

Explanation:

the part of a business plan that includes an organization chart, job descriptions of listed positions, and detailed resumes of the current and proposed executives is called the

Answers

Answer: Management Team

Explanation: The management team has authority over positions, resumes, and overall organizational structure of the business.

Again, how do you pay taxes?

Answers

pay taxes that is how you pay taxes
Through your Tax code

International marketing is how a company sells a product to a likely customer in a local market.
-True
- False

Answers

International marketing is how a company sells a product to a likely customer in a local market.

False

A corporation does not offer a product to a potential client in a local market when it engages in global marketing.

Any marketing effort that occurs beyond boundaries is referred to as global marketing.

Export, licensing, franchise, joint ventures, and foreign direct investment are all examples of international marketing. The goal of global marketing is to meet the demands of international clients.

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how does a Broker relate to investing in Stocks

Answers

Answer:

They work for companies that buy stocks and sell them once they grow, stock brokers are the ones who sell the stocks through phone calls.

Which are the two federal agencies that have the primary responsibility for enforcing equal employment opportunity legislation in the country? Describe them in brief.

Answers

Answer:Equal Employment Opportunity (EEO) laws prohibit specific types of job discrimination in certain workplaces. The U.S. Department of Labor (DOL) has two agencies which deal with EEO monitoring and enforcement, the Civil Rights Center and the Office of Federal Contract Compliance Programs.

Civil Rights Center oversees EEO in programs and activities receiving federal financial assistance. CRC also assures equal opportunity for all applicants to and employees of DOL.

The Office of Federal Contract Compliance Programs oversees employers holding federal contracts and subcontracts.

Explanation:

Which sentence in the passage refers to the "analysis" of a given problem?

Jeremy is the production manager in a manufacturing company.

He has recently identified a problem in the production process. He has estimated that the problem would lead to a loss of $10,000 and would require time to resolve.

Further,

he has also identified the source of the problem to be the outdated machinery,

which might require major repair, if not immediate replacement,

Finally, Jeremey has also divided the problem into smaller parts, such as production costs, overheads, downtime expense, repair expenditure, and so on.​

Answers

Answer:

Last paragraph

Explanation:

Finally, Jeremey has also divided the problem into smaller parts, such as production costs, overheads, downtime expense, repair expenditure, and so on.

Answer:

Finally, Jeremey has also divided the problem into smaller parts, such as production costs, overheads, downtime expense, repair expenditure,

Explanation:

I just got done taking it and its the last one

Shortstop Sporting Goods Store received a shipment of 9 new baseball gloves. Each glove costs $45.50. What is the total value of the baseball glove shipment?

Answers

Answer:

409.50

Explanation:

By examining itself before branding, a company's brand can be authentic. This makes is easier for the business to be which of the following?

Exciting and trendy

Relevant and interesting

Well known and successful

Consistent and reliable

Answers

Answer:

consistent and reliable is answer.

Explanation:

I hope it's helpful!

Which of the following are examples of global small businesses
that operate in more than one country? (Select four answers.)
Daisuki is a graphic designer who works from home and
has clients all over the world.
Scarlett owns three ice cream shops in her community.
Parwana lives in India and owns a tea shop in her city.
Marshall coaches basketball for a few different teams in his
neighborhood.
Naima makes her special hot chocolate powder in packets
that stay fresh and are easy to ship to other locations, so
she can market and ship them to other countries.
Hiyam purchases clothing in Morocco and resells it in the
U.S. for a higher price.
Ramon offers online language classes for people all over
the world to learn Spanish.
Tuan leads local tours for visitors to his city.

Answers

Answer:

A,E,F,G

Explanation:

These are the ones that operate in more than one country!

The weather can influence all of the following EXCEPT:
A consumer satisfaction
B. production costs
C. quality of a good
D. quantity supplied

Answers

Answer:

A consumer satisfaction

Explanation:

Consumer satisfaction is derived from the consumption of goods and services. The weather does not influence consumer satisfaction.

On the other hand weather influences, production costs, quality, and quantity of goods. During extreme weather, accessing materials becomes a challenge. Transportation becomes a challenge, which leads to increased cost. Harsh weather creates a shortage of materials affecting the quantity and quality of goods produced.

Answer:

A

Explanation:

alex measured the length of an item to be 3.9 cm. the actual length is 3.5 cm what is alex percent error ?

Answers

Answer:

11.42 %

Explanation:

The formula for calculating percentage error

percentage error = observed value - actual value x 100

     actual value

Percentage error =    3.9- 3.5  x 100

    3.5

Percentage error = 0.4  x 100

                             3.5

Percentage error =0.1142 x 100

Percentage error = 11.42 %

Alejandro Yago leased a Jeep for $209.00 per month for 60 months.He paid a deposit of $850.00, a title fee of $45.00, and a license fee of $60.00. The lease carried a stipulation charging $0.12 per mile for all miles over 60,000. Alejandro drove the Jeep 73,524 miles. What is the total cost of leasing the vehicle?

asap pls I need it

Answers

Answer:

$ 14,267.88  

Explanation:

The total cost of leasing the jeep will be

Title fee :  = $45.00

License fee:  =$60.00

Monthly fees:  $209.00 x 60 = $12,540

charges for miles above 60,000 miles (73,524 -60,000)

=$0.12 x  13524

=$1,622.88  

Total cost = $45 +$60 + $12,540, + $1,622.88

Total cost = $ 14,267.88  

Based on this model, households earn income when purchase in markets for factors of production.

Answers

Answer:

Circular flow diagram

Explanation:

Property, manpower, capital in exchange rates, centered on the spherical flow diagram. Event 1 happens in the commodity market since mojito cocktail is purchased by Susan, mojito cocktail is a successful, not a development factor in the market for products and services.

thomas owes $438 on his credit card and was unable to pay more than the minimum payment of $20. unfortunately he mailed the payment late resulting in a late fee of $39 the interest rate on this card is 26% compounded monthly. what will his new balance be?

Answers

Answer:

$575.82.

Explanation:

Since Thomas owes $ 438 on his credit card, but only paid the minimum of $ 20, his debt is now $ 418 (438 - 20). A late fee of $ 39 will be added to this value, which will raise said sum to $ 457 (418 + 39). In turn, the interest rate for unpaid card balances is 26% per month. Therefore, next month his balance will be $ 575.82 (457 x 1.26).

Could anyone who is good at business course help me on this question, please? :))

Identify three ways in which a study might be classified as bad research. ​

Answers

Answer:

The three ways in which a study might be classified as bad research is described below in detail.

Explanation:

Lack of Research: When a study does not satisfy the research process conditions, it is not recognized to be a legitimate one.No Evidence: When researchers displease to present compelling testimony of their conclusions then, such work is not be trusted and the research becomes unreasonable. Biased opinions: A study, which serves all the method, contributes proof but is biased in one approach or the other, then such research is also classified as void.

describe the process of unification of Italy​

Answers

ITALY's unification process was the work of Giuseppe Garibaldi, Count Cavour, and Victory Emmanuel II, the 3 primary leaders. ... Garibaldi defeated the Bourbon kings of Spain with his armed volunteers called red shirts, liberating the kingdom of two Sicilies.

Naomi is planning to get a job after graduating from college. Which explains why she should establish a positive credit history?

Answers

Answer:

A). She will appear more responsible to future employers.

Multiple choices

A). She will appear more responsible to future employers.

B). She will be able to do the job better.

c). She will be able to complete her job search application better.

D). She will get an increase in the interest rate on her student loans.

Explanation:

A positive credit score is a result of responsible use of income against the debts incurred. It shows an individual is good at managing their personal finances. A negative credit score paints a bad picture of an individual. It communicates a lack of self-discipline in managing debts.

A positive credit score will portray Naomi as responsible in using her finances. Her employers will view her as good at managing money.

Answer:

A

Explanation:

Cumulative exam

Monica is a drawing a monthly salary of 45000 if rupee e 15000 is spend every month on repayment of a loan what percent of her salary is she spending onrepayment? if 24% of the remaining salary is spend on food find the The Expenditure on food...​

Answers

Answer:

Loan percentage = 33.33%

Amount spend on food = 7200

Explanation:

Monica's salary is 45000

Amount spend on loan is 15000

The percentage of amount spend on rent

=15000/45000 x100

=0.33333 x 100

=33.33 %

Amount spend on loan = 15,000

The remaining amount = 45,000 - 15,000

=30,000

24% of 30,000 is spent on food

Actual amount = 24/100 x 30,000

=0.24 x 30,000

=7200

Amount spent on food = 7200

What’s the answer???

Answers

Answer:

The answer is false

Explanation:

When a securities firm acts as a(n) ____, it makes a market in specific securities by maintaining an inventory of those securities.

Answers

Answer:

The correct approach is "dealer".

Explanation:

Dealers would provide money supply to financial products whilst also trying to establishing a working capital of those that have been exchanged at a small concentration. By mobilizing savings, dealers generate more money out of the expansion respectively bids and start questioning for quotes. To make profits, individuals consider purchasing lesser at either the contract offer, as well as take revenue at either the request and then, have a high turnover.

debit balance with binod rs.50000​

Answers

Answer:

what?

Explanation:

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