(5 points) done, c 4. What type of economic system does the United States have? Explain. Page 1 of 3 Answer (Minimum of 5 Complete Sentences): lease e, sub Mate me o (5 points) 5. Name the three factors of production and two payment types in the circular flow model. You may draw a diagram and label the necessary components if you wish. Answer (Minimum of 5 Complete Sentences): AM nm (2 points) 6. Describe how subjectivity and other factors affect a person's calculation of cost and benefit. cel Give an example of a cost-benefit analysis you have performed. Answer (Minimum of 2 Complete Sentences)