In economics, a circular flow model is a diagram that is used to represent the monetary transactions in an economy.
There are two flows present within the model including flows of physical things (goods or labor) and flows of money (what pays for physical things).<span>The circular flow of income follows a specific pattern: Production → Income → Expenditure → Production.</span>The production possibility frontier can be used to illustrate the circular flow model.Economists use data, statistics, and natural experiments in order to make economic "laws" that explain general patterns.<span>.</span>
Answer:
C
Explanation:
Significance- The Cotton 'Gin enabled cotton to be cleaned of seeds much faster than by hand. It also increased the need and demand for slavery as a major labor force in the South. Interchangeable parts enabled the modernization of weapons and other machine parts.
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The Glorious Revolution was a very significant time in British history. The main dealio during the time was the writing of the English Bill of Rights, which actually inspired the American Bill of Rights. Basically, a constitutional monarchy was set up instead of a complete monarchy because they gave Parliament a lot of power.
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The foreign policy of the Ronald Reagan administration was the foreign policy of the United States from 1981 to 1989. The main goal was winning the Cold War and the rollback of Communism—which was achieved in Eastern Europe in 1989 and in the end of the Soviet Union in 1991.
