Which of the following best explains how a free-market system has a circular flow or influences?

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Which of the following best explains how a free-market system has a circular flow or influences?

Which of the following best explains how a free-market system has a circular flow or influences?

Which best explains how a free-market system has a circular flow of influences? Consumer decisions affect producers, and producer decisions affect consumers.

How does a free-market system have a circular flow of influences?

Which best explains how a free-market system has a circular flow of influences? – In order t be efficient, producers recycle resources back to nature. – Consumer decisions affect producers, and producer decisions affect consumers. – Wages flow in a circular way back and forth between consumers and producers.

Which best explains how free choice is protected in a free-market system the government makes and enforces whatever laws are needed to guarantee free choice Workers pressure producers to provide them with high enough wages to make free choices consumers and producers protect their?

The answer to the given question is (B) the government makes and enforces whatever laws are needed to guarantee free choice. Free-market system is a type of economic system where the prices for goods and services are determined by the consumers and the open market itself.

Which is provided by producers in the circular flow of the free-market system?

Answer: Public Goods.

Which best describes the system in a mixed economy?

A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.

Which is result from the fact that a free-market system is based on the?

Which results from the fact that a free-market system is based on the free choices of consumers and producers? The free-market system has a circular flow of influences. Which is the reason why, in a free-market society, the government passes laws against theft, coercion, and fraud?

Which is most directly provided by producers according to the circular flow model?

According to the circular-flow model, with is most directly provided by producers? wages Which best explains how a free-market system has a circular flow of influences? Consumer decisions affect producers, and producer decisions affect consumers. Which best explains why competition is an important part of a free-market system?

How are prices regulated in a free market economy?

In a free market economy, the law of supply and demand, rather than a central government, regulates production and labor. Companies sell goods and services at the highest price consumers are willing to pay while workers earn the highest wages companies are willing to pay for their services.

How does the circular flow diagram work in economics?

In this lesson, we’ll look at how those purchases are just part of a bigger piece of the economic puzzle. You see, the economy works in a circular motion known as the circular flow diagram in economics. The circular flow diagram is a basic model used in economics to show how an economy functions.

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