The simplest circular model of the united states economy depicts the economy as a cycle in which resources flow between which two entities?
a. supply and demand
b. businesses and households
c. the government and foreign countries
d. goods and services

The answer is actually B. businesses and households

Just had this on my test :)

The simplest circular model of the United States economy depicts the economy as a cycle in which resources flow between which two entities? B. Businesses and households

Explanation: The economy as a cycle where resources flow between businesses and households shows how people buy products and use them and people make products and sell them and the cycle keeps going around. People are able to thrive in society due to the buying, selling, and consumption of goods and services.

trade regulation is a field of law, often bracketed with antitrust (as in the phrase “antitrust and trade regulation law”), including government regulation of unfair methods of competition and unfair or deceptive business acts or practices. antitrust law is often considered a subset of trade regulation law. franchise and distribution law, consumer protection law, and advertising law are sometimes considered parts of trade regulation law.

in general the theory of economics says that the more open to trade a country is the better   the result for the same country and the whole economies.

in real life countries impose taxes, quotas, etc which is not so good for the economies.

this kind of commercial war between the usa and china is slowing down the growth of the whole world so we can say that it is a draw back of trade regulations. and the free trade agreements are benefits of trade regulations.

i need !