The circular flow diagram describes... Group of answer choices The flow of money and goods and services between households and the government through the market for goods and services. How firms and households carry out economic activities through the market for input or factors of production and the market for goods and services. How firms control the activities in the labor market in order to ensure profit in the goods and services market. The flow of money from the market for goods and services to the market for inputs of factors of production

The circular flow diagram describes... Group of answer choices The flow of money and goods and services between households and the government through the market for goods and services. How firms and households carry out economic activities through the market for input or factors of production and the market for goods and services. How firms control the activities in the labor market in order to ensure profit in the goods and services market. The flow of money from the market for goods and services to the market for inputs of factors of production

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter1: Introducing The Economic Way Of Thinking

Section: Chapter Questions

Problem 2SQ

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The circular flow diagram describes...

Group of answer choices

The flow of money and goods and services between households and the government through the market for goods and services.

How firms and households carry out economic activities through the market for input or factors of production and the market for goods and services.

How firms control the activities in the labor market in order to ensure profit in the goods and services market.

The flow of money from the market for goods and services to the market for inputs of factors of production

Activities of promoting and showcasing offerings to customers to create value. Various sectors, including hospitality, tourism, and professional services use service marketing.

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