Explain how the circular flow diagram relates to the current economic situation.

Finance & Micro Econ Forum Post

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I need a 250 word response to each of the following forum post. The first two are from a micro-econ class and the second two are from a Finance class. 1000 words total (4 times 250)

1) Micro Econ. Class

Explain how the circular flow diagram relates to the current economic situation. Using the circular flow diagram, explain a way that your family interacts in the factor market and a way that it interacts in the products market.

2) Micro Econ. Class

Analyze how the law of demand applies to a recent purchase that you made. Describe how the product has changed in price and explain whether the price change is due to supply or demand. Did the change in price affect your decision to purchase the item?

3) Finance – Risk Management Class

The Section I property coverages provide different types of coverage to an insured individual. For each of the following coverages briefly describe the type of coverage provided and give an example of a loss that would be covered. Respond to at least two of your classmates’ postings.

Coverage A—Dwelling
Coverage B—Other Structures
Coverage C—Personal Property
Coverage D—Loss of Use

4) Finance – Risk Management Class

The personal auto policy contains several coverages that meet the insurance needs of typical insured individuals. For each of the following coverages, briefly describe the type of coverage provided, and give an example of a loss that would be covered. Respond to at least two of your classmates’ postings.

Part A—Liability Coverage
Part B—Medical Payments Coverage
Part C—Uninsured Motorists Coverage
Part D—Coverage for Damage to Your Auto

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