[Answer] The chart shows a circular flow model describing the movement of goods and services.How does globalization cause the foreign sector to influence the economy?

Answer: b. The foreign sector influences how imports and exports move between firms and households.
The chart shows a circular flow model describing the movement of goods and services.How does globalization cause the foreign sector to influence the economy?

The history of economic thought deals with different thinkers and theories in the subject that became political economy and economics from the ancient world to the present day in the 21st Century. This field encompasses many disparate schools of economic thought.Ancient Greek writers such as the philosopher Aristotle examined ideas about the art of wealth acquisition and questioned whether …

Thu Dec 13 2001 13:30:00 GMT-0500 (Eastern Standard Time) · The balance of trade commercial balance or net exports (sometimes symbolized as NX) is the difference between the monetary value of a nation’s exports and imports over a certain time period. Sometimes a distinction is made between a balance of trade for goods versus one for services. The balance of trade measures a flow of exports and imports over a given period of time.

Economics (/ ɛ k ə ˈ n ɒ m ɪ k s iː k ə -/) is the social science that studies how people interact with value; in particular the production …

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