The interaction of individuals and firms in a market can be described as a——————- of money, goods and services and resources through product and factor markets.
A. Constant flow
B. Stable flow
C. Circular Flow
D. Regular Flow
Answer:C
The interaction of individuals and firms in a market can be described as a——————- of money, goods and services and resources through product and factor markets.
A. Constant flow B. Stable flow C. Circular Flow D. Regular Flow
Explanation: The interaction of individuals and firms in a market can be described as a Circular Flow of money, goods and services and resources through product and factor markets.