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September 3, 2022

Jackson uses a visual aid to show the circular flow model of the economy. How would you describe the creation of novelty?

Circular Flow Model of Economy and Free Trade Agreement Questions

answer each question with a minimum of 150 words each

1. Jackson uses a visual aid to show the circular flow model of the economy. How would you describe the creation of novelty?

2. Did this video do a good job in terms of gibing a good example of a creation of novelty?

3. How well did this video cover system dynamics?

Review the U.S. Trade Representatives website at http://www.ustr.gov/trade-agreements/free-trade-agreements.

· Select a country or trading bloc with which the United States has a current or pending free trade agreement.

1. What are areas of comparative advantage of the United States and its trading partner?

2. What are the benefits and disadvantages specific to this free trade agreement?

3. Why did you select the country that you did that is on the trading bloc.

1. Describe how you will apply that learning in your daily life, including your work life.

2. Describe what may be unclear to you, and what you would like to learn.

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