Circular Flow Model Test

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Description and Tags

Econ

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8 Terms

1
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factor market to households

money income

2
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households to factor market

land, labor, capital, entrepreneurship

3
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households to product market

consumption expenditures

4
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product market to households

goods and services

5
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product market to businesses

revenue

6
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businesses to product market

goods and services

7
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businesses to factor market

costs

8
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factor market to businesses

factors of production