Asked by LaRissa Porterie on Jul 26, 2024
Verified
In the markets for goods and services in the circular flow diagram, households act as
Circular Flow Diagram
A visual model of the economy that shows how dollars flow through markets among households and firms, illustrating the interdependencies of economic activities.
Markets For Goods
Platforms or locations where goods are bought and sold, encompassing both physical locations and virtual marketplaces.
- Understand the role of households in the markets for goods and services.
Verified Answer
CM
Learning Objectives
- Understand the role of households in the markets for goods and services.
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