Government Involvement!

Well, a couple weeks ago we learned about the circular flow model. The circular flow model contains the terms of income or "circular flow" to a simple economic model which describes the reciprocal circulation of income between producers and consumers. This week, we included the government with the circular flow model! It expands the circular flow model by illustrating how taxes are used in the system. It shows the government interacting with the households and businesses collecting taxes then giving back back to each. The product market gives the government products, in return for money. Also, the factor market also gives the government factors in exchange for money. I think it is very helpful that we learned the involvement of the government within the households, businesses, and  factor & product markets.  If we live in America, we should know the involvement of government in society and that is exactly what Mrs. Weser taught us!!!

Wal-Mart...good or bad!?

People have completely different views about Wal-Mart. Weserville is debating on bringing in a Wal-Mart to the town. Yes, it will bring in jobs and help lower unemployment rate. But also, Wal-Mart treats their workers so unfair, and the way the products are made is horrible because the Chinese that make them get paid less than $1 for their labor. But in America, the poor/poverty rate is so high. Big chain stores like Wal-Mart allow people to shop for necessities that they maybe could not afford in private businesses because of higher prices. Yes, it is so sad that the way the workers are being treated is bad, but the amount of people that benefit from Wal-Mart surpasses the amount of people that are not benefiting. It is sad that not everyone can be happy, but that is how America is, not everyone wins in every situation. I think that it would be a good idea for Weserville to have a Wal-Mart.

McWeser's Fast Food :)

So far this week has been pretty interesting. Weserville is accepting 3 new businesses. The class is split into groups of three and got to come up with ideas for a business to make. The group I was in came up with the idea for a new fast food restaurant. Modeled from the idea of McDonalds, McWeser's would have breakfast, lunch, and dinner. It would be quick, tasty, cheap food. It would be able to supply jobs for the unemployed, since Weserville has a pretty high unemployment rate. Also, with the skills of Weservilles people, I feel like McWeser's would be a good type of job because it is mostly working with your hands and interacting with people. This idea originated from the video we watched on McDonalds a few days ago. I saw that a small idea can go a long way and help many people out in the process. 

Marx and Smith Blog :D

This week in class, the main thing that we worked on was our scripts for when Karl Marx and Adam Smith meet and have conversations. This was my favorite thing we've done so far, because it was actually interesting and I learned a lot more about communism (because I was Marx) because I had to be him and I had to understand the government to some extent of how he did. I liked that we had to read it in front of the class, because then it actually made me work hard because I didn't want look like a fool if I didn't understand it. I liked that we had to coordinate a few other countries in our script, because then I got to see how the capitalist and communist government worked in each of the countries, and if they were effective of not.

yo lizzie

hi lizzie