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NeTakaya
3 years ago
14

Which choice correctly describes activity in the circular flow?

History
1 answer:
katovenus [111]3 years ago
7 0
In economics, a circular flow model is a diagram that is used to represent the monetary transactions in an economy.
There are two flows present within the model including flows of physical things (goods or labor) and flows of money (what pays for physical things).<span>The circular flow of income follows a specific pattern: Production → Income → Expenditure → Production.</span>The production possibility frontier can be used to illustrate the circular flow model.Economists use data, statistics, and natural experiments in order to make economic "laws" that explain general patterns.<span>.</span>
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Was the development of nuclear weapons necessary to compete during the Cold War?
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Known as the Cold War, this conflict began as a struggle for control over the conquered areas of Eastern Europe in the late 1940s and continued into the early 1990s. Initially, only the United States possessed atomic weapons, but in 1949 the Soviet Union exploded an atomic bomb and the arms race began.

Explanation:

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<h3>Tocqueville lay emphasis on the fact that everyone in America was so much occupied in agitation and differences.</h3>

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