U.S Global Economics and the circular flow model of the free-market system, economics homework help

1.  Describe the circularflow model of the free-market system.(10 points)Score2.  How do consumersuse cost-benefit analysis? Why do consumers make different decisions using thisprocess?(10 points)Score3.  Name twodifferent market structures. Describe how and why they each have a differentcompetitive situation.  (10 points)Score4.  What is the Lawof Supply and Demand? Explain how increases and decreases in supply and demandaffect prices.(10 points)Score5.  What is thebusiness cycle? What causes changes from one phase of the business cycle toanother?(10 points)Score6.  Explain thedifferent investment options someone with a high level of risk aversion mightchoose. What are the possible investment goals for this person?(10 points)Score7.  What are tariffs?What are some of the harmful effects of tariffs?(10 points)Score8.  Give an exampleof a public good and describe why it's a public good. Should the governmentprovide this good? Why or why not?(10 points)Score9.  What isglobalization? Why does globalization benefit some countries more than others?(10 points)Score10.  There are anumber of organizations designed to regulate the global economy and assistindividual nations in the global economy. List and describe two suchorganizations.