which statement best describes the circular flow model?\nthe model represents the movement of money and…
which statement best describes the circular flow model?\nthe model represents the movement of money and resources throughout the economy.\nthe model represents the interactions within sectors.\nthe model represents the flow of goods and services abroad.\nthe model represents the changing relationships between actors.
Answer
Brief Explanations:
The circular - flow model shows the continuous movement of money and resources between households and firms in an economy. It depicts how resources flow from households to firms and how money flows from firms to households as payments for goods and services.
Answer:
The model represents the movement of money and resources throughout the economy.