If some resources used in the production of a good are only available in limited quantities, then the long run market supply curve will be perfectly elastic

The lower portion of the circular flow model contains factor markets in which households provide:

a. output of all final goods and services produced. b. savings, spending, and investment. c. labor, money, and machines. d. none of these.

Comparative advantage is the ability of a country to produce a good at a higher opportunity cost relative to other countries

Indicate whether the statement is true or false