Whitwam - Basic Circular Flow Models 13 Flashcards

Whitwam - Basic Circular Flow Models 13

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Question

If markets for Goods & Servs were the only markets available, what would happen to the economy?

Answer

Households would have all the products, Firms would eventually have all the money, The economy would stop entirely

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Card 1 of 15

Whitwam - Basic Circular Flow Models 13

0 / 15

Question

Answer

Households would have all the products, Firms would eventually have all the money, The economy would stop entirely

Know itStill learning

Card 1 of 15