Discuss the factors in the circular flow model and why the government is not part of it? Also, Explain whether you think the government should be included or not.
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Discuss the factors in the circular flow model and why the government is not part of it? Also, Explain whether you think the government should be included or not.
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- What does a circular-flow diagram do? ○ It illustrates cost-benefit analysis. ○ It explains how the economy is organized. ○ It shows the flow of trade in the world. ○ It explains how banks circulate money in the economy.Identify where the appropriate entries go on the circular flow diagram?Now that we've talked a little about what economics is, let's consider the concept of value. When we look at the circular flow diagram, what role does value play? How does it flow through the system?
- Discuss the circular flow diagram based on your own understanding and give an example where you participated in each market as member of a household.Economic Models? a. are essential representations of the real world b. are used to explain how people think c. are never used for making economic projections or predictions d. are used to explain how people behaveExplain the term models or paradigms?
- REFLECTIONDirections: Read the article below . Then , discuss how the economic program of the government administration puts solution to the problem of scarcity in the country.Write your answer in a reflective way.The rich should pay higher income tax rates than the poor" is an example of a_________. a. Normative statement b. Theory statement c. Positive statement d. Descriptive statementPlease use the graph to answer the given questions. Assume the people act rationally. Which of the statements best describes a situation represented by point A? Look at the image to solve for this Jeff agrees to lend money to his brother, who plans to use the funds to open a shoe store. Wayne projects that if he takes out a loan to open another gym franchise, he will earn a lower return than the interest rate he would have to pay, so he decides against it. Janine predicts that, if she borrows to expand operations, she will earn a rate of profit higher than the interest rate of the loan. So, she decides to take out the loan. Carly decides against purchasing a corporate bond because she has another investment opportunity that returns 17%. Given the market conditions, what will be the prevailing interest rate? 18% 2% 17% 10% 6% Given the market conditions, how much will be available in loanable funds? $90 billion $50 billion $30 billion $70…
- Draw the circular flow model and in your own words, discuss the operation of capitalism.You are told by your supervisor that people in Bahamas should drive less to work and save their income. This is an example of ________ statement. a. economic b. normative c. positive d. microeconomic"Social Security should be privatized to get the government out of the retirement-financing business," is an example of a _____ statement about _____ policy. normative; monetary. positive; fiscal. positive; structural. normative; structural