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The figure above shows the circular flow model.
In the figure above, which of the following transactions take place in the factor markets?
i. Michael, a student, orders a computer from Dell online.
ii. Peter gets a job at a Wal-Mart store.
iii. Apple Computer opens a new store in Georgia
Definitions:
Economic Problems
Issues affecting an economy, including inflation, unemployment, and poverty.
Financial Institutions
Financial institutions are organizations that provide financial services, including banks, credit unions, insurance companies, and investment firms, facilitating the flow of funds and financial transactions.
High-Income Countries
High-Income Countries are nations with a high gross national income per capita, often characterized by advanced economic development and complex industrial bases.
Continuous Supply
The ongoing provision of goods or services to meet constant or recurring demand.
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