Illustrate major economic flows that link U.S. with nations
Illustrate major economic flows that link U.S. with nations. Provide an example to illustrate each flow. Explain the relationship between the top and bottom flows.
Expert
The 4 major economic flows are:
1. The flows of goods and services
2. The flows of capital equipment and labor
3. The flows of information and technology
4. The flows of money.
The financial flows provide the money necessary to pay for exports and imports.
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Payments for the use of land, capital and labor are respectively termed as: (w) rent, wages and profits. (x) rent, interest and wages. (y) dues, profits and depreciation. (z) fruit, profits and money. Discover Q & A Leading Solution Library Avail More Than 1438790 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1930683 Asked 3,689 Active Tutors 1438790 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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