Answer:
Circular flow diagram.
Explanation:
The circular flow diagram simplifies the interaction of two groups, firms and households, and allows us to make predictions about economic behavior.
The firm sells their goods and services in the market while the household buys these goods and services.
Hence, the circular flow diagram represents the interaction between the household and firms with respect to the market.
Option D
This procedure is most similar to: reinforcer sampling.
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Explanation: </u></h3>
A method that permits an individual to get in association with a potential reinforcer to encounter the concrete aspects of the stimulus. The method helps develop new reinforcing outcomes for a given individual.
Reinforcer sampling includes composing freely accessible a piece of a potential reinforcer to improve the probability that the importance and power of the reinforcer will be maximized when it is performed available contingently. Reinforcer assessment transfers to the observation-driven or interview-based analysis of the relevant power of stimuli.
<span>The question refers to whether that scenario describes a competitive market, and the answer is - no. This scenario that you have presented us with is not an example of a competitive market because there is no free entry. Because firms cannot freely enter this market, this cannot be said to be competitive, because there are no companies to compete if there is only one firm involved. </span>
Answer:
Running balance and Banking errors
Explanation:
Answer:
D. The order quantity is constant, regardless of the demand.
Explanation:
Basic Continuous Review Model relates to inventory stock management, where each time an inventory unit is added in or moved out the stock level is calculated again.
It do not assume that the order quantity is constant as it calculates inventory level after each order, there is no basic assumption as such.
The review model keeps on moving the stock and tries to maintain such level as by ordering the quantity sold, and it keeps on rotating, but there is no standard set for order quantity.