Explain how the circular flow diagram relates to the current economic in at least 3 different situations. Using the circular flow diagram, explain a way that your family interacts in the factor market and a way that it interacts in the products market
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· Chapter 1: Economics, Economic Methods, and Economic Policy
· Chapter 2: Markets, Governments, and Nations: The Organization of Economic Activity
· Chapter 3: Supply and Demand: The Basics of Economic Analysis