33. In the circular flow model, businesses supply _________________ while individuals supply______________________*

A labor;products

B job;home

C money;incentive

D products;labor

34. In what way does the event of the headline affect the circular flow model? --Middle East Instability Equals Higher Prices at the Pumps--*

A Incomes for households and firms would increase.

B Firms and households would incur higher expenditures.

C Government expenditures and incomes would be offset.

D Expenditures for households would decrease, but not for firms.

35. Which of the following best completes the phrases? No Special Taxes. Unlimited Liability. Easy to Manage. Complete Ownership. Difficult to Raise Capital.*

A Characteristics of Partnerships

B Characteristics of Corporations

C Characteristics of Free Enterprise

D Characteristics of Sole Proprietorships