Jim is being paid $7.25 an hour to work at a restaurant. In the circular flow, this is an example of a:
household selling a resource in the factor market.
household buying goods and services in the factor market.
household buying goods and services in the product market.
business selling goods and services in the product market.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Jim is being paid $7.25 an hour to work at a restaurant. In the circular flow, this is an example of a: household selling a resource in the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Larry has the largest pizza business in the city. He learns that Henry is thinking of opening a competing pizza and pasta delivery business. Larry gives Henry $25,000 to not open his proposed business in the same city.
Answers (2)
Which sentence describes the human resources department? Marcos works in the human resources department of a company.
Answers (2)
Plunder Inc. accepted a six-month noninterest-bearing note for $2,800 on January 1, 2021. The note was accepted as payment of a delinquent receivable of $2,500. What is the correct entry to record the note?
Answers (1)
An employee earns $44 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 60 hours during the week, and that the gross pay prior to the current week totaled $63,800.
Answers (1)
The agency responsible for regulating the money supply in the united states is
Answers (1)
New Questions in Business
At the end of the current year, the accounts receivable account has a debit balance of $100,000 and Sales for the year totaled $1,500,000. The Allowance for Doubtful Accounts has a DEBIT balance of $2,000 prior to adjustment.
Answers (1)
Which of the following would be a bad location for computer equipment? A. In the corner of a room, at least 6 inches from any wall B. On a desk beside a fish tank C. On a wooden table D. Beside a closed window
Answers (1)
This year three manufacturers of mattresses have closed shop and there is only one mattress manufacture left. With few additional competitors what will likely happen to the supply of mattresses?
Answers (1)
Julio used when he set goals, developed action plans, reviewed progress and took corrective action as needed, and appraised performance.
Answers (1)
What is the shape of the monopolist's marginal revenue curve? a. a downward-sloping line that lies below the demand curve b. a horizontal line that lies below the demand curve c. a downward-sloping line that is identical to the demand curve d.
Answers (1)