Draw a rough sketch of the flows of imports and exports, Microeconomics

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Draw a rough sketch of the flows of imports and exports

Problem

Suppose we extend the circular flow model to add imports and exports. Copy the circular flow diagram onto a sheet of paper and then add a foreign country as a third agent. Draw a rough sketch of the flows of imports, exports, and the payments for each on your diagram.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Draw a rough sketch of the flows of imports and exports

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