Which statement best describes the circular flow of an economy? the flow between businesses and resources the exchange of money, goods, and services in an economy a circular flow happens only in a resource market a circular flow happens only in a goods and services market

Which statement best describes the circular flow of an economy? the flow between businesses and resources the exchange of money, goods, and services in an economy a circular flow happens only in a resource market a circular flow happens only in a goods and services market

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter2: Scarcity And Opportunity Costs

Section: Chapter Questions

Problem 14E

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Question

Which statement best describes the circular flow of an economy?

the flow between businesses and resources

the exchange of money, goods, and services in an economy

a circular flow happens only in a resource market

a circular flow happens only in a goods and services market

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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