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Zielflug [23.3K]
3 years ago
15

Choose the statements that CORRECTLY describe the circular flow of goods and services.

Social Studies
1 answer:
prohojiy [21]3 years ago
5 0

In the circular flow model, the market economy creates continuous, repetitive flows of goods and services, resources and money. In this model, households spend income in the product market. According to the circular flow model, households buy the goods and services that businesses make available in the product market. Moreover, In the circular flow model, businesses will buy resources from and sell products to households and other businesses. In this way: The function of businesses in the circular flow model is purchase resources and sell products.

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stiks02 [169]

Answer:

The correct answer is C. In the early stages of the Civil War, Savannah, due to its deepwater ports, became the center of trade between the South and Europe.

Explanation:

During the Civil War, Savannah was a prosperous port and became the sixth most populous city in the Confederation. The Confederate economy depended largely on its exports to Europe (mainly to France and Great Britain) of agricultural products such as cotton and tobacco, and the port of Savannah, for its location close to the midline of the Confederate territory, its port of deep water and its wide available labor force, was the main port from which Confederate exports departed to Europe until the Union blockade made it impossible to continue trade towards the end of the Civil War.

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