Question: Suppose we extend the circular flow model to add imports and exports. Copy the circular flow diagram onto a sheet of paper and then add

Suppose we extend the circular flow model to add imports and

Suppose we extend the circular flow model to add imports and exports. Copy the circular flow diagram onto a sheet of paper and then add a foreign country as a third agent. Draw a rough sketch of the flows of imports, exports, and the payments for each on your diagram

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