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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. b. Stuart earns

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.

 

b. Stuart earns $8 per hour working at a fast-food restaurant.

 

Here is a tip:

A firm is a buyer in the market, for factors of production.

Jul 11 2021 View more View Less

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