2 The U.S. and Global Economies

Air planes are parked at ground.

Who makes the Dreamliner?

Chapter Checklist

When you have completed your study of this chapter, you will be able to

  1. 1 Describe what, how, and for whom goods and services are produced in the United States.

  2. 2 Describe what, how, and for whom goods and services are produced in the global economy.

  3. 3 Explain the circular flow model of the U.S. economy and of the global economy.

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