The circular flow model shows that: a. households are on the ...

[jace]

The circular flow model shows that:
 a. households are on the demand side of the resource market.
 b. firms are on the demand side of both the product and resource markets.
 c. households are on the supply side of the resource market and the demand side of the product market.
  d. firms and governments are on the supply side of the loanable funds market.
 e. governments are on the demand side of the product market and the supply side of the resource market.

Question 2

A union can influence the equilibrium wage rate by:
 a. collective bargaining.
  b. featherbedding.
  c. lobbying for legislation to reduce immigration.
  d. all of these.

[raenoj]

Answer to Question 1

c

Answer to Question 2

d