Question 1(1) Explain – with the aid of a diagram if helpful – “the Circular Flow of Income Model”. Discuss how and why the different sectors shown in the circular flow of income model can affect the economy. (25 marks)Question 2Outline the main theory as to why international trade occurs. List and explain reasons why...
Question solved. This content is for Basic, Plus, and Premium members only.
Unlock Answer
Unlock Answer
Already a member? Log in here