#1 based on this model, family members earn income when*blank acquisition *blank in factor markets

#2 recognize whether every of the following events inthis scenario wake up in the factor market or the product market

#3 which of the aspects of this scenario represents aflow indigenous a firm come a household? This might be a flow of dollarsinput or output check all the apply

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Homework (Ch 02) 2. The circular-flow design The following diagram gift a circular-flow design of a simple economy. The outer set of arrows (shown in green) mirrors the circulation of dollars, and the inner collection of arrows (shown in red) shows the corresponding flow that inputs and outputs. Industries for Goods and Services Firms families Markets for determinants of Production based on this model, families earn earnings when acquisition in factor markets. Expect Susan earns $625 per week working as one analyst for A-Plus Accountants. She uses $10 come order a mojito cocktail at little Havana, Little kind here to find Oe

CENGAGE MINDTAP Q find Homework (Ch 02) based on this model, family members earn revenue when purchase in variable markets. Intend Susan earns $625 every week functioning as one analyst for A-Plus Accountants. She supplies $10 come order a mojito cocktail at tiny Havana. Small Havana payment Raphael $325 every week to wait tables. Raphael provides $150 to acquisition tax services from A-Plus Accountants. Identify whether each of the following events in this scenario occurs in the variable market or the product market. Occasion Factor industry Product market Susan safety $10 to order a mojito cocktail. Raphael earns $325 every week working for small Havana. Susan earns $625 every week working for A-Plus Accountants. I beg your pardon of the elements of this scenario stand for a flow from a firm come a household? This could be a flow of dollars, inputs, or outputs. Inspect all that apply. Susan's labor The mojito Susan obtain The $325 every week Raphael earns functioning for tiny Havana The $150 Raphael spends to acquisition tax services from A-Plus Accountants

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Homework (Ch 02) 2. The circular-flow model The complying with diagram presents a circular-flow version of a simple economy. The outer collection of arrows (shown in green) mirrors the flow of dollars, and also the inner set of arrows (shown in red) reflects the corresponding flow that inputs and also outputs. Sectors for Goods and Services Firms households Markets for components of Production based upon this model, family members earn income when purchase in factor markets. Intend Susan earns $625 per week working as an analyst because that A-Plus Accountants. She offers $10 come order a mojito cocktail at little Havana, Little form here to find Oe

**CENGAGE MINDTAP Q search Homework (Ch 02) based on this model, family members earn earnings when acquisition in factor markets. Expect Susan earns $625 per week functioning as one analyst for A-Plus Accountants. She provides $10 to order a mojito cocktail at small Havana. Little Havana pays Raphael $325 per week come wait tables. Raphael supplies $150 to acquisition tax solutions from A-Plus Accountants. Recognize whether each of the following events in this scenario occurs in the aspect market or the product market. Event Factor market Product market Susan safety $10 come order a mojito cocktail. Raphael earns $325 per week working for little Havana. Susan earns $625 per week working for A-Plus Accountants. Which of the facets of this scenario represent a circulation from a firm to a household? This could be a flow of dollars, inputs, or outputs. Check all that apply. Susan's job The mojito Susan obtain The $325 per week Raphael earns working for little Havana The $150 Raphael safety to acquisition tax services from A-Plus Accountants**