Economics

How much of each dollar spent by a consumer ultimately becomes income

How much of each dollar spent by a consumer ultimately becomes income to someone else? A) less than one dollar B) It depends on how much the cost there is in the distribution channel that delivers the good from the manufacturer to the consumer. C) It depends on how much labor was needed to produce […]

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Date: September 2nd, 2020

In the simple circular flow A) producers trade goods and services for

In the simple circular flow A) producers trade goods and services for monetary payments in the product market. B) consumers trade resources for goods and services in the factor market. C) businesses trade goods and services for resources in the product market. D) consumers trade goods and services for monetary payments in the factor market. […]

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Date: September 2nd, 2020