#1 based on this model, families earn income when*blank purchase *blank in aspect markets

#2 determine whether every of the following occasions inthis scenario occurs in the factor market or the product market

#3 i m sorry of the facets of this script represents aflow native a firm come a household? This could be a circulation of dollarsinput or output inspect all that apply




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Homework (Ch 02) 2. The circular-flow design The complying with diagram presents a circular-flow model of a simple economy. The outer set of arrows (shown in green) mirrors the circulation of dollars, and also the inner set of arrows (shown in red) shows the matching flow of inputs and outputs. Industries for Goods and Services Firms family members Markets for factors of Production based upon this model, families earn earnings when purchase in variable markets. Mean Susan earns $625 every week working as one analyst because that A-Plus Accountants. She provides $10 to order a mojito cocktail at little Havana, Little form here to find Oe
CENGAGE MINDTAP Q search Homework (Ch 02) based on this model, families earn revenue when acquisition in aspect markets. Intend Susan earns $625 every week working as an analyst because that A-Plus Accountants. She uses $10 come order a mojito cocktail at small Havana. Tiny Havana payment Raphael $325 every week come wait tables. Raphael supplies $150 to acquisition tax services from A-Plus Accountants. Recognize whether every of the following events in this scenario occurs in the aspect market or the product market. Event Factor sector Product sector Susan safety $10 to order a mojito cocktail. Raphael earns $325 every week functioning for tiny Havana. Susan earns $625 per week functioning for A-Plus Accountants. Which of the elements of this scenario stand for a flow from a firm to a household? This could be a circulation of dollars, inputs, or outputs. Inspect all that apply. Susan's labor The mojito Susan receive The $325 every week Raphael earns functioning for little Havana The $150 Raphael security to acquisition tax solutions from A-Plus Accountants


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Homework (Ch 02) 2. The circular-flow design The following diagram presents a circular-flow version of a basic economy. The outer set of arrows (shown in green) reflects the flow of dollars, and the inner set of arrows (shown in red) mirrors the corresponding flow of inputs and outputs. Markets for Goods and Services Firms households Markets for components of Production based upon this model, households earn income when acquisition in factor markets. Mean Susan earns $625 per week working as an analyst for A-Plus Accountants. She uses $10 come order a mojito cocktail at small Havana, Little type here to search Oe CENGAGE MINDTAP Q search Homework (Ch 02) based upon this model, households earn revenue when purchase in element markets. Intend Susan earns $625 per week working as one analyst because that A-Plus Accountants. She offers $10 to order a mojito cocktail at little Havana. Little Havana pays Raphael $325 every week come wait tables. Raphael offers $150 to acquisition tax services from A-Plus Accountants. Identify whether each of the following events in this scenario wake up in the factor market or the product market. Event Factor industry Product sector Susan security $10 to order a mojito cocktail. Raphael earns $325 per week functioning for little Havana. Susan earns $625 per week functioning for A-Plus Accountants. I beg your pardon of the aspects of this scenario represent a circulation from a firm to a household? This could be a circulation of dollars, inputs, or outputs. Examine all that apply. Susan's job The mojito Susan receives The $325 per week Raphael earns working for tiny Havana The $150 Raphael safety to acquisition tax services from A-Plus Accountants