Hey, these are questions i need help with. The highlighted answers are most likely wrong since i've attempted all of them and have 2 attempts total. These are my last attempts, and the blue marked ones are my first and wrong attempt, for your reference. IF you can, please explain them. Thanks!

22. (b was wrong)

Which of the following statements is true about a simple circularflow model? I) A. Producers are buyers in the factor market. {} B. Households are neither buyers nor sellers in the input market. I) C. Firms are the owners and suppliers of factors of production. ,2? D. Producers are neither buyers nor sellers in the product market. '2) E. Households are sellers in the product market. _ _ Refer to Figure 2.21. One segment of the circular-ow diagram in Figure 221 shows the ow of Figure 2.21 Questlon IISt I6 funds from Market F to EconomicAgents G. The funds represent spending on goods and services. What is Market F and who are Economic Agents G? Economic Agents E C) A. F = product markets; G = households 0 Question 1 8 1:) B. F = product markets; G =factor markets Flow at (:1 c. F = factor markets; G = households funds 0 Question 19 (E) D. F = factor markets; G =rms C) E. F = product markets; G = rms 0 Question 20 Spending 0 Question 21 _ ongoods : and serVIces Economic Agents G 0 Question 22 0 Question 23 Question list l 0 Question 18 0 Question 19 0 Question 20 0 Question 21 0 Question 22 0 Question 23 0 Question 24 0 Question 25 0 Question 26 Grapher Ask my instructor Which of the following is not an example of spending on goods and services in the circular-ow model? Q A. Cl B. @l C. O D. Q E. Chaitanya buys a new spa pedicure chair for her expanding nail salon business. Amanda purchases a new electric guitar to pursue her hobby seriously. Hernan buys a pizza at Papa C's. Lenny buys a new digital camera to take pictures at his son's graduation. Tuon purchases a cappuccino at the student union. Clear all Refer to Figure 2.22. Which two arrows in the diagram depict the following transaction? Carter Figure 2.22 earns a $400 commission for selling men's designer shoes at Moores. {:3 A. K and J Households . K and M . K and G :1: '3 D. J and G .- '3 E. J and M Suppose we can divide all the goods produced by an economy into two types: consumption goods and capital goods. Capital goods, such as machinery, equipment, and computers, are goods used to produce other goods. Suppose that Liechtenstein and Luxembourg currently have identical production possibilities frontiers but that Liechtenstein devotes only 5 percent of its resources to producing capital goods over each of the next 10 years, while Luxembourg devotes 30 percent. Which country is likely to experience more rapid economic growth in the future? Luxembourg 1 .) Use the threepoint curved drawing tool to illustrate Liechtenstein's PPF 10 years in the future. Label the PPF 'A future'. 2.) Use the threepoint curved drawing tool to illustrate Luxembourg's PPF 10 years in the future. Label the PPF 'B future'. Carefully follow the instructions above, and only draw the required objects. Consumption goods PPFLiechtenstein = PPFLux mbourg Capital goods pp