The circular flow of income model shows a. that consumers demand products and supply resources.

b. that producers supply products and demand resources.

c. that the two basic institutions of households (consumers and businesses (producers) are each demanders and suppliers.

d. that the real flow and the money flow are in opposite.

e. all of the above


e. all of the above

Kis the insured and p is the sole beneficiary on a life insurance policy. both are involved in a fatal accident where k dies before p. under the common disaster provision, which of these statements is true?

Identify the three components of a family's culture and provide one example from your own experience

When used-car dealers signal the quality of a used car with a warranty, a. buyers believe the signal because the cost of a false signal is high b. it is not rational to believe the signal because some used-car dealers are crooked c. the demand for lemons is eliminated d. the price of a lemon rises above the price of a good used car because warranty costs on lemons are greater than warranty costs on good used cars