In your own words... 2. Identify the role of businesses in the circular flow.

3. Identify the role of workers/individuals in the circular flow.

4. Define "The Law of Demand”.

5. Explain the substitution effect and give an example from your personal life

6. List & explain 3 factors that affect demand

7. Explain price elasticity and name 1 product this is elastic and 1 that is inelastic

8. Define "The Law of Supply"

9. List 3 determinants (factors) of supply.

10. What are the two main variables in the law of supply and what is the relationship between the two?

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Explanation:

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    racial conflict and discrimination has existed ever since man learned to kill with rocks and bones. these conflicts arose from disputes between territory, power, wealth, religion, or simple difference. some of the most infamous racial disputes include slavery, the holocaust, and the civil rights movement.

    these listed disputes often resulted in casualties from all sides. riots, wars, imprisonment, and lynching are all commonly associated with racial conflict on severe levels.

      however, racism is an improving issue in recent decades. people are being more accepting and welcoming of diverse populations. though, the world isn't perfect and it will take much more time, if ever, until the world is rid of racism.