In the circular-flow diagram, one loop represents the flow of goods and services, and the other loop represents the flow of factors of production.
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Q28: In the circular-flow diagram, factors of production
Q29: Figure 2-10 Q30: In the markets for the factors of Q31: In the circular-flow diagram, firms produce goods Q32: In the circular-flow diagram, payments for labor, Q34: In the circular-flow diagram, factors of production Q35: In the circular-flow diagram, households and firms Q36: A circular-flow diagram is a visual model Q37: In the markets for goods and services Q38: In the circular-flow diagram, firms own the
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