Explain the circular flow of

  1. The reason markets work so well is that one person's output always becomes another person's input. Goods are produced and
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  2. In the circular flow of income and spending, i.e. the basic flow of income and spending between households and firms
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  3. Which best demonstrates the way consumers and producers influence each other in the free-market system?Responses assembly line
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  4. Explain the circular flow of an economy of Zambia
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  5. explain how an open economy operates in terms of the circular flow of income.
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  6. Briefly explain the relationship between firms and households in the circular flow ofincome and spending.
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  7. In not less than 3 pages Explain the process of circular flow of income and product in a 3 sector economy
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  8. 2. Use the circular flow of income theory explain how Australia’s participation in international trade affects economic
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  9. The circular flow model of a mixed economy shows _____.how taxes and profits are related how government interacts with
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  10. Obtain the governing equation for a viscous unidirectional flow in a circular pipe. Use the navier-stokes equations and employ
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