Question

Question 1 of 10 Which situation best illustrates the role of businesses in the circular flow of goods? A. A company designs a new line of laptops. O B. A fisherman sells the fish he catches to a local market . C. A factory produces plastic used to make toys. Hollip po D. A supermarket sells goods made all over the country, SHA​

Answer 1

Answer:

The answer is A, a company designs a new line of laptops.

Explanation:

I just took the quiz :)

Answer 2

The situation that best illustrates the role of business in the circular flow model is the design of a new range of laptops by a company.

Option A is the correct answer.

What is a company?

A company is an entity that is controlled and managed by the board members and enacted under a defined law of the country.

The circular flow of goods means the economic model where there is a production firm that manufactures the goods through the involvement of factors of production like human capital, human labor, etc. for selling in the consumer market. This includes production firms, factor markets, consumer markets, and households.

Therefore, the circular flow of goods has been illustrated by the situation where the company designs a new range of laptops.

Learn more about the circular flow model in the related link:

https://brainly.com/question/11324259

#SPJ2