Economic models like the _____________________ are not physical models, but instead are diagrams or graphs or even mathematical equations that represent economic patterns or theories.
A) financial capital market
B) circular flow diagram
C) financial investment market
D) Specialization Model

Question

Quizplus · Accepted Answer

The circular flow diagram is an economic model that represents the transactions in an economy by flows around a circle. It is used to illustrate the flow of money, goods and services, and factors of production in an economy's markets.

Economic Models Like the _____________________ Are Not Physical Models, but Instead