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When individuals sell their labor for wages, in which market in the circular flow model are they interacting? The open market The product market The individual market The factor market
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When individuals sell their labor for wages, in which market in the circular flow

model are they interacting?

The open market

The product market

The individual market

The factor market

User Chl
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1 Answer

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Answer: It's the factor market as they're selling their labor for wages. Factor market being the production of labor and capital.

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User Bmcculley
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