Examlex

Solved

Which of the Following Diagrams Represents the Cardinality Pairs in a Situation

question 38

Multiple Choice

Which of the following diagrams represents the cardinality pairs in a situation where many people will apply for a specific position,and some of the applicants have applied in the past?


Definitions:

Resource Market

A market where resources or inputs needed for production, such as labor, capital, and raw materials, are bought and sold.

Injection

An introduction of income into the economy through investment, government spending, or exports.

Circular Flow

A model in economics that depicts how goods and services and money move through the economy between households, businesses, government, and foreign sectors.

Value Added

The increase in worth of a product or service as a result of a particular process, calculated by the difference between the sale price and the production cost.

Related Questions