In the Simplest Circular-Flow Model,households Supply _____ and Demand _____

question 4

Multiple Choice

In the simplest circular-flow model,households supply _____ and demand _____.

• A)capital;barter
• B)wages and income;capital markets
• C)factors of production;goods and services
• D)firms;markets

Grasp the realities of Social Security and pension benefits for retirement.

Acknowledge the necessity of health insurance planning for retirement.

Understand the requirements and benefits of Social Security.

Learn the significance of continual planning and evaluation for retirement.

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Definitions:

Hiring

The process of reviewing applications, conducting interviews, and selecting candidates to fill job positions.

Promotion

The advancement of an employee to a higher position in an organization, usually accompanied by increased responsibilities and pay.

Salary

A set amount of money or compensation paid to an employee by an employer in return for work performed, typically expressed on an annual basis.

Workforce Diversity

Differences among recruits and employees in characteristics such as gender, race, age, religion, cultural background, physical ability, or sexual orientation.