For questions 32-35, use the word list to label the circular flow diagram.

Practical Management Science
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ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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For questions 32-35, use the word list to label the circular flow diagram.
I
Household
Market
(Households Sell. Firms Buy.)
35.
Market
(Firms Sell. Households Buy.)
Businesse
34.
Product
Factor
Firms sell goods and services
Households sell the factors of production
Households pay for the goods and services
Transcribed Image Text:For questions 32-35, use the word list to label the circular flow diagram. I Household Market (Households Sell. Firms Buy.) 35. Market (Firms Sell. Households Buy.) Businesse 34. Product Factor Firms sell goods and services Households sell the factors of production Households pay for the goods and services
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32 . FACTOR MARKET

 

33 . Households sell the factors of production

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