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Texas Gateway:how Economists Use Theories & Models to Understand Economic Issues

Curated by ACT

By the end of this section, you will be able to interpret a circular flow diagram, explain the importance of economic theories and models, and describe goods and services markets and labor markets.

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Classroom Considerations
  • Knovation Readability Score: 5 (1 low difficulty, 5 high difficulty)
  • The intended use for this resource is Instructional