1. Briefly explain what a product market is. Then, describe the role that product
markets play in the flow of goods and services in an economy. In forming your
response, be sure to describe the relationship between product markets, households,
and businesses. Provide a brief example to illustrate this relationship. (4 points)

Answers

Answer 1

The product market can be defined as the sector where finished products are sold to individuals and companies.

What is the role of the product market in the economy?

The final products and services exist to satisfy the needs of consumers, and their commercialization is responsible for moving the economy, impacting on employment opportunities, profitability of companies and quality of life of individuals.

Therefore, the product market is related to the law of supply and demand, impacting the economic development of a nation.

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Related Questions

Which section of the constitution describes the structure of the legislative branch

Answers

nombre: liz

¿Qué sección de la constitución describe la estructura del poder legislativo?

El Artículo I de la Constitución de los Estados Unidos, cuya fecha de aprobación data de 1788, declara el establecimiento del poder legislativo del Gobierno Federal de los Estados Unidos, representado por el Congreso, que incluye una Cámara de los Representantes y un Senado.

What is the difference between marginal cost and marginal revenue? Marginal cost is the money earned from selling one more unit of a good. Marginal revenue is the money paid for producing one more unit of a good. Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good. Marginal cost is the money a producer might make from one more unit. Marginal revenue is the money a producer actually makes from one more unit. Marginal cost is the money a producer actually makes from one more unit. Marginal revenue is the money a producer might make from one more unit

Answers

The difference between marginal cost and marginal revenue is Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good. Thus the correct answer is B.

What is  marginal cost?

The difference in total production costs caused by producing or manufacturing one extra unit is known as the marginal cost of production.

In order to maximize production and overall operations, an organization must first decide when it can achieve economies of scale.

The sum of money spent to create one additional unit of a good is its marginal cost. Selling one additional unit of a good results in a profit known as marginal revenue.

Therefore, option B is the appropriate answer.

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"The Congress shall have Power To... establish an uniform Rule of
Naturalization ... And To make all Laws which shall be necessary
and proper for carrying into Execution the foregoing Powers."
U.S. Constitution
According to the quote above, who has the power to determine how an immigrant may become a legal U.S.
citizen?
The president
Congress
Supreme Court
Voters

Answers

The quote explained that the Congress only has the power to determine how an immigrant may become a legal U.S. citizen.

How do the Congress determine such?

Through the enactment and amendment of new or existing immigration laws, the requirement of the need to become a legal U.S. citizen is updated from time to time.

Hence, the quote explained that the Congress only has the power to determine how an immigrant may become a legal U.S. citizen.

Therefore, the Option B is correct.

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Describe the difficulties in defining each of the following terms:
a. Ordinary and extra ordinary medical interventions.
b. Usual and customary medical procedures.
c. Be sure to include a discussion of the role of a technical imperative and cultural lag (e.g. social roles, ethical issues, cultural understanding, morals and decision-making, etc).

Answers

The difficulties in the terms include:

Ordinary and extra ordinary medical interventions - Pain and delayed decision making.Usual and customary medical procedures - Ethical issues as some religious factions don't support modern drug use.

What is Ordinary and extra ordinary medical interventions?

This is a medical procedure which involves pain as a result of it being done the patient and slows down decision making in going ahead with it.

The Usual and customary medical procedures on the other hand can be linked with some ethical issues.

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Who Were Often Attacked By The Germanic Armies?
a) Franks
b) Goths
c) Romans
d) Huns
e) Vandals

Best Answer Would Be Marked As Brainliest

Answers

Answer:

the Romans were often attacked by Germanic armies

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Does the idea that a population increases as technology increases thus leading to war apply in the same way in
advanced nations as it does in developing nations?
O
Yes. Population increases almost always lead to war in both cases.
Yes. Theories of war apply equally in all circumstances.
No. Advanced nations never have sudden population increases.
02 0

Answers

As regards how a rise in population affects nations, No. Advanced nations never have sudden population increases.

What happens in advanced nations?

Thanks to higher literacy and living standards, advanced nations know how to control their populations.

As a result, there aren't unexpected rises in population which can lead to conflict in advanced nations.

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how does the government support communities affected by human rights violations​

Answers

By violations to the goverment

The most fundamental purpose of government is defense, not
empire...........Joseph Sobran
- A.provide national security
-B.maintain social order
-C.Oprovide for and control economic systems
-D.Oprovide public services

Answers

The answer for that should be A
It should be A because I did Alex

Which of the following will cause you to use more data than usual on your smart phone plan each month

Answers

The answer choice that would lead to increased data usage would be to a. make a large number of outbound calls

What is a Phone Call?

This refers to the medium of communication where a person links up with another person in a different location through the aid of GSM or the Global System of Mobile Telecommunications.

Hence, we can see that from the complete question, there are answer choices and the best fit is option A, even though the others lead to high costs, but outbound calls, have a higher cost.

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which component could you remove, and still have a functioning circuit? In general,
why would removing that component be a bad idea?

Answers

A parallel circuit could be removed from the circuit, which will not affect the functioning of the circuit, but it will not allow the continued passage of current when an equal amount of current is to be passed within the circuit.

What is a parallel circuit?

A parallel circuit is a type of electrical circuit where an equal amount of voltage is passed through all the circuits, which are parallel to each other. An image of the parallel circuit is attached for reference.

Hence, the significance of a parallel circuit is given above.

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Why did people begin migrating to Europe in the 300s?
A) Major cities were already set up for people to live in.
B) The rulers had efficient trade routes set up.
C) The government was well organized and fair.
D) There were many rivers that provided fertile soil.

Answers

People started to migrate to Europe in the 300s because the rulers had efficient trade routes set up during that period. Thus, Option B is the correct statement.

What do you know about migration?

Migration refers to the movement of human beings from one area to some other as a way to stay and work. The movement of human beings from their domestic to some other city, country, or country for a job, shelter, or a few different motives is known as migration,

Therefore, People started to migrate to Europe in the 300s because the rulers had efficient trade routes set up during that period. Thus, Option B is the correct statement.

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A bright light shines into Aubree's eyes. Which organ system will the nervous system alert in order to allow less light into her eyes?


circulatory


immune


musculoskeletal


respiratory

Answers

The nervous system alert in order to shrink of eye is musculoskeletal system.

What is musculoskeletal system?

The musculoskeletal system is an essential component of human health. The musculoskeletal system provides form, stability, and movement to the human body.

In addition to providing the body with structure and the means for movement, the musculoskeletal system acts as an endocrine system, stimulated by exercise, interacting through biochemical signaling with other organs in the body.

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the market structure that involves the most competition:
a. monopoly
b. perfect competion
c. pure monopoly
d. oligopoly

Answers

Answer:

the answer is B po

Explanation:

correct me if I wrong

The answer is definitely B. Perfect competition

what was John A MacDonalds values?

Answers

Answer:

Macdonald's greatest achievements were building and guiding a successful national government for the new Dominion, using patronage to forge a strong Conservative Party, promoting the protective tariff of the National Policy, and completing the railway.

Please give me brainliest! you would get 25% as well!

its is called as the great circle on the globe​

Answers

Answer:

the equator

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Briefly explain economist Adam Smith's positions on these three subjects: the
reedom of markets, the true source of wealth, and the division of labor. (4 points)

Answers

Economist Adam Smith's position on the freedom of markets, the true source of wealth, and the division of labor is captured in his seminal thesis, the Wealth of Nations.

What was Adam Smith's position on these issues?Freedom of markets:

Adam Smith postulated that markets should be free and not regulated because the free market mechanism ensures stability and prosperity for all.

The true source of wealth:

Adam Smith noted that the true source of wealth of any nation is a free enterprise nurtured on self-interest.

Division of Labor:

Adam Smith contended that division of labor ensured mutual interdependencies and is only limited by the extent of the market.

Thus, given Adam Smith's position on these subjects, he promoted Self-interest, division of labor, free enterprise, and the operation of the market mechanism of demand and supply.

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Why is the Dust Bowl considered a human-made disaster and not a natural one?

Answers

Because humans farmed the land and took the layer of grass off by farming it so much

What function of formal
education is fulfilled when
opposing views are heard in
an organization and given
equal support?
OA. Cultural Innovation
B. Latent
C. Social Integration
D. Social Placement
O

Answers

Social integration is the function of formal education is fulfilled when opposing views are heard in an organization and given equal support.

What is social integration?

Social integration is the process of giving individuals the chance and  sustain them along with their views into the society which could be different from someone else view.

Social integration helps individuals regardless of their attributes, to fit in into the mainstream group.

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Nepal is a developing country. What should be done to make nepal a developed Country? write any six way/ measures​

Answers

Answer:

Since nepal is a developing and many things can be done to make nepal a developed country:

1) people can raise awareness about cleaning activities.

2) We can force government to make strict rules and regulations.

3)By providing free,quality education.

4)By creating employment opportunities so that youths won't go to abroad.

5)By conserving available resources.

6) Stop corruption.

Hope it hepls you!!!

what are the factors responsible for soil erosion?​

Answers

- Wind. When strong winds blow, the topsoil along with the organic matter is carried away by the wind.

- Water. When it rains in the hilly areas, the soil gets washed away towards the plains.

- Overgrazing.

- Deforestation.

- Afforestation.

- Crop Rotation.

- Terrace Farming.

- Building Dams.

*hoped this helped...*

Explanation:

human factors

deforestation overgrazing construction mining

natural factors

wind Glacier water lead

how do you escape from abuse in violation of your right​

Answers

Answer:

Protect yourself during violent incidents by recognizing abusive patterns beforehand and identifying safe hiding spaces in your home that are far away

Explanation:

What is foreign employment?​

Answers

Being employed in a different country than that of a persons origin

the great migration was

Answers

Answer:

was one of the largest movements of people in United States history.

As a human service professional, how would having an understanding of the history of social welfare policies and practice help you develop or implement today's policies and practices without bias or stereotyping of clients?

Answers

Knowledge of the history of social welfare policies and practices can help HR implement ethical policies, with the promotion of diversity.

How important is HR today?

The human resources department is responsible for the recruitment, selection and management of human capital in an organization, which is an essential resource for the development of new knowledge and innovation in today's competitive market.

Therefore, the implementation of ethics and the promotion of diversity, will help to create a culture favorable to the development of staff capacities.

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In the late 1800s, which of the following did the peoples party believe would give the people more political power?

Answers

In late 1800s peoples party believe would give the people more political power by choosing senators through direct elections.

Who is Senator?

Senator refers to the person who represents his own state and he is also the member of the House of the representative. The senator word is used in US for the person who works for the government.

In thew 1800s the people's party decided to give political powers to the people by conducting the direct elections of the senators. In this way senators became answerable to the general public.

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Type your personal testimony in two forms. Address the first to a hypothetical friend or coworker who is not saved. Address the second to a backslidden Christian. Limit each testimony to 250 words.

Answers

To write a personal testimony, you can use the structure of a descriptive essay, for more details and the best understanding of the reader.

What is a personal testimony?

It is the detailing of an individual's spiritual experiences, reporting the ways in which Christianity and religion have positively impacted their life experience.

Therefore, when writing your personal testimony, you can share in your account the changes that occurred in your life after identifying with this religious philosophy.

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Read the sentence. I quit the French Club because it was necessary for me to watch my little sister after school. Which part of this sentence is too wordy?

Answers

“It was necessary for me”. You can say, “I quit the French club because I had to watch my little sister after school”.

Who was Jacob Jackson?
O a white slave owner
O a known bounty hunter
O a free African American who could read and write

Answers

The best answer choice here would be C
Answer:  A free African american who could read and write.

Explanation

To what extent have social movements had an impact on policy making of the government?

Answers

Answer:

The enduring impacts of social movements are often cultural. Movements change the way we live and work. They make some behaviors socially inappropriate and others newly appealing. They create new collective actors, alter lines of social cleavage, and transform what counts as expertise.

Explanation:

Which of the following statements best describes environmental laws in Latin America?
A.
Most Latin American countries do not have laws against air pollution.
B.
Most countries in Latin America have laws against pollution and dumping, but they are not enforced.
C.
The countries of Central and South America have strict laws against pollution, but those in the Caribbean do not.
D.
Most countries in Latin America have strict laws against pollution and have seen cleaner air and water as a result.

Answers

the answer is b. most countries in Latin America have laws against pollution and dumping, but they are not enforced.

Answer:

B

Explanation:dude above me said it so i said it

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