The simple circular flow model shows that workers and owners of land and capital offer their services through:
a. product markets.
b. factor markets

As the circular flow model shows, the factors of production flow from

A) households to firms through the factor market. B) firms to households through the goods market. C) the goods market through firms to the factor markets. D) households to firms through the goods market. E) firms to households through the factor market.

The cross elasticity of demand for blank DVDs and DVD burners is likely to be

A) positive because they are substitutes. B) positive because they are complements. C) negative because they are substitutes. D) negative because they are complements. E) negative because with the advent of digital cameras, film and film cameras are inferior goods.