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Draw a circular-flow diagram. Identify the parts of the model that correspond to the flow of goods and services and the flow of dollars for each of the following activities. a. Selena pays a storekeeper 1 for a litre of milk. b. Stuart earns 7 per hour working at a fast-food restaurant. c. Shanna spends 30 to get a haircut. d. Salma earns 10000 from her 10 percent ownership of Acme Industrial. | Numerade
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May 7, 2020
numerade.com
Draw a circular-flow diagram. Identify the parts of the model that correspond to the flow of goods and services and the flow of dollars for each of the following activities.a. Selena pays a storekeeper $1 for a quart of milk.b. Stuart earns $8 per hour working at a fast-food restaurant.c. Shanna spends $40 to get a haircut.d. Salma earns $20,000 from her 10 percent ownership of Acme Industrial.
Draw a circular-flow diagram. Identify the parts of the model tha…
Feb 11, 2022
numerade.com
SOLVED: The circular-flow diagram illustrates that, in markets for the factors of production, a. households are sellers, and firms are buyers. b. households are buyers, and firms are sellers. c. households and firms are both buyers. d. households and firms are both sellers. | Numerade
SOLVED: The circular-flow diagram illustrates that, in markets for the f…
Nov 26, 2019
numerade.com
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