The portion of the four-sector circular flow model which shows the flow of funds from savers to borrowers is the:

The supply of a good will tend to be highly elastic if

A) additional resources to produce the good can be obtained quickly and with no increase in cost. B) its price rises quickly and sharply when the demand increases. C) the good has few close substitutes. D) the good is generally classified as a luxury. E) the good is generally classified as a necessity.

The military is NOT a perfectly competitive market because

A) there is only one buyer, i.e., the government, for military goods/services. B) there is imperfect information, i.e., intelligence branches. C) there are heterogeneous goods/services because each military branch provides different goods/services. D) All of the above.