Ask Question
BusinessBusiness
25 February, 08:44

One person's spending becomes another person's income. This statement is

a. the basis for all economics.

b. the Quantity Theory of Money.

c. the Marginal Productivity Theory of Resource Allocation.

d. the Circular Flow Model.

e. profit maximization rule for perfectly competitive firms.

+1
Answers (1)
  1. 25 February, 08:54
    0
    d. the Circular Flow Model

    Explanation:

    Based on the information provided within the question it can be said that this statement is an example of the Circular Flow Model. This model (like mentioned in the question) illustrates the flow of cash from different people or company's in different industries. Where one person/company pays another, which takes it in as income and uses that to pay another company for what they need and so on.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “One person's spending becomes another person's income. This statement is a. the basis for all economics. b. the Quantity Theory of Money. ...” 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
Where's the leak ma'am?
Answers (2)
The accounting equation that reflects a relationship is often described as Assets equal Liabilities plus Net Worth. Is the equation ""Assets equal Liabilities plus Owners' Equity"" also appropriate and correct? A. YesB. NoC. Don't know
Answers (1)
Recently, much of the western United States experienced a drought condition, and water usage was restricted in Denver. Yet, even though most people used less water, the price of water did not drop.
Answers (1)
Country A wants to lower trade barriers with its neighbor, Country B. While both countries support free trade, they are both reluctant to lower their barriers because they are not sure the other country will reciprocate.
Answers (1)
Egret Consulting immediately paid $500 cash for utilities for the current month. Given the choices below, determine the general journal entry that A. Egret Consulting will make to record this transaction.
Answers (1)
New Questions in Business
In a care environment Analyse how quality standards influence positive outcomes for individuals
Answers (1)
You auscultate the abdomen of a five year old gelding. what are you evaluating
Answers (1)
The Bennis article on competencies that determine a project leader's success indicates that it is crucial to continually remind the team: A) what the deadline is. B) what is important. C) who their leader is. D) who the customer is.
Answers (1)
Kyle Carlson invested $10,000 in a savings account paying 12% interest compounded quarterly. Assuming that he makes no withdrawals, how much interest will he earn during the second quarter of the first year?
Answers (1)
Jayhawk Foods Inc. is a snack manufacturer that wants to expand globally. Few people abroad are familiar with Jayhawk Foods snacks.
Answers (1)
Home » Business » One person's spending becomes another person's income. This statement is a. the basis for all economics. b. the Quantity Theory of Money. c. the Marginal Productivity Theory of Resource Allocation. d. the Circular Flow Model. e.
Sign Up Forgot Password?