The circular flow diagram of economic activity is a model of the: a) flow of goods, services, and payments between households and firms. b) role of unions and government in the economy. c) interaction among taxes, prices, and profits. d) influence of government on business behaviour. Chapter 1 random definitions

The circular flow diagram of economic activity is a model of the:
a) flow of goods, services, and payments between households and firms.
b) role of unions and government in the economy.
c) interaction among taxes, prices, and profits.
d) influence of government on business behaviour.
Chapter 1 random definitions

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