As more people imported cars from abroad, service facilities became widely available. This increased the value of imported cars to those who owned one. This is an example of a(n) ________

If trade causes some workers to be laid off, most economists conclude:

a. that all other workers will be better off because their wages will rise. b. that we should not allow imports to take U.S. jobs. c. that we should expect wages to fall. d. that none of these answers is true.

The circular flow model shows that consumer goods and services produced by business firms are sold in the

A) goods market. B) factor market. C) labor market. D) financial market.