WebMar 9, 2011 · Flow (1) represents: wage, rent, interest, and profit income. Refer to above diagram, Flow(2) represents: land, labor, capital, entrepreneurability. The law of demand states that: price and quantity demanded are inversely related. economists use the term … WebChapter 02 - The Market System and the Circular Flow 91. Refer to the above diagram. Flow (2) represents: A. wage, rent, interest, and profit income. B. land, labor, capital, and entrepreneurial ability. C. goods and services. D. consumer expenditures. AACSB: Analytical Skills Bloom's: Understanding Learning Objective: 2-5 Topic: Circular flow …
Basic Flowchart Symbols and Meaning ERD Symbols and …
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Solved Refer to the diagram. Flow 2 represents: A. goods
WebMar 10, 2024 · This symbol represents the starting and end points and the potential outcomes of a process. It typically functions as an elongated oval with a single starting and ending point. It may contain the word "Start" or "End" within the symbol itself. Related: … WebDescription. The Flow Rate Sensor (2P) block represents an ideal sensor that measures mass flow rate, energy flow rate, and volumetric flow rate in a two-phase fluid network. There is no change in pressure or temperature across the sensor. Because the flow rates are Through variables, the block must connect in series with the component being … WebAnswer option A) wages ,rent ,interest and profit income. FLow 1 and 2 represent interaction between business and households in the resource market. Households are the owners of factors of production such as land , labor etc. They sell their …. Flow 1 Resource Market Flow 2 Businesses Households Flow 3 Product Market Flow 4 Refer to the … drawing 1 lessons