The figure above shows the circular flow model.
-In the figure above,which of the following transactions take place in the factor markets?
i.Michael,a student,orders a computer from Dell online.
ii.Peter gets a job at a Wal-Mart store.
iii.Apple Computer opens a new store in Georgia.
Definitions:
Reactive
A response or behavior characterized by action taken after the fact, responding to events or situations rather than initiating or preventing them.
Nadler-Tushman Model
A framework for organizational diagnosis that emphasizes the importance of inputs, transformational processes, and outputs within organizations, and how misalignment among these elements can lead to issues.
Freight Shipping
The transportation of goods, commodities, and cargo in bulk by ship, airplane, truck, or train.
Night Shift
The work shift that takes place during the nighttime hours.
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