-What is the circular-flow model?
-There are two different loops in the circular-flow model. What is the difference between the two loops?
-Does the circular-flow model describe reality exactly?
-Describe one way that you or your family interacts in the factor/resource market.
-Describe one way that you or your family interacts in the product/goods and services market.
-Name one type of interaction not represented by the circular-flow model.