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All of the following are true
Circular Flow Model
An economic model that depicts how money and products move through an economy, showing the interactions between households and businesses.
Resource Markets
Markets where productive resources (like labor, capital, and raw materials) are bought and sold.
Products
Goods or services that are created through a process of production and offered in the market to satisfy consumer needs or wants.
Resource Markets
Markets where factors of production (like labor, land, and capital) are bought and sold.
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