Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 10 What role do funds (money) play in the circular flow model? They enable firms and households to interact with foreign firms and households.

image text in transcribed
image text in transcribed
Question 10 What role do funds (money) play in the circular flow model? They enable firms and households to interact with foreign firms and households. They enable firms and households to pay their taxes They are what households or firms pay for products or resources, They are the means by which trade creates value

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics

Authors: Charles I. Jones

1st Edition

978-0393926385, 0393926389

More Books

Students also viewed these Economics questions

Question

What background experience do you have?

Answered: 1 week ago

Question

Personal role: This consists of service to family and friends.

Answered: 1 week ago

Question

The role of life: It consists of your own service to yourself.

Answered: 1 week ago