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Draw the circular flow model and in your own words, discuss the operation of capitalism.
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- Draw and label the economic model.Define economics and describe the two types of economic systems: capitalism and command economy.Please 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…
- What are some deficiencies of the capitalist model?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?Economics Choose two leaders who have engraved a mark in the internal setting. In a matrix, have their style, principles, and accomplishments (and others to which you think can be factors be significant in your analysis) be presented and analyzed.
- Choose a simple economic term and explain it.Explain all three Circular flow economic models in one structure. ?Beginning in the late 1970s, economic reform in China allowed farmers, for the first time, to keep a portion of their crops and to sell them to others. Previously, all food was collectively farmed and shared. This policy is related to which factor of institutions?