Question

1 multiple choice 5 points the continuous loop of events that sees businesses hire workers to make products, then sell those products to consumers to take back their homes, is called the ____. circular flow model gross domestic product economic cycle federal trade commission 2 multiple choice 5 points buying (importing) and selling (exporting) goods and services among many countries is called ____. commerce tariffs globalization economics

Explanation:

Question 1

The Circular Flow Model describes the continuous flow of goods, services, and money between businesses (firms) and consumers (households), including businesses hiring workers (factor market) and selling products to consumers (product market). Gross Domestic Product (GDP) is a measure of economic output, the Economic Cycle refers to fluctuations in economic activity, and the Federal Trade Commission is a regulatory agency, so they don't match the description.

Globalization involves the exchange (importing and exporting) of goods and services across multiple countries, integrating economies. Commerce is a broader term for trade, tariffs are taxes on imports/exports, and Economics is the study of resource allocation, so Globalization fits the description of buying/selling among many countries.

Answer:

A. Circular Flow Model

Question 2