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The Need for International Agreements and Action to Control E-

question 38

Multiple Choice

The need for international agreements and action to control e- commerce is becoming increasingly obvious as a result of which of the following?


Definitions:

Circular-Flow Diagram

A pictorial scheme of the economy, focusing on the exchange of dollars between households and firms through the market system.

Product Market

The marketplace where final goods or services are traded between sellers and consumers.

Circular-Flow Diagram

A visual model that illustrates the flow of goods and services and money between households and firms in an economy.

Household

An individual or group of people living together and making joint decisions regarding consumption and finances.

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