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

#2 recognize whether each of the following events inthis scenario occurs in the variable market or the product market

#3 i beg your pardon of the elements of this script represents aflow native a firm to a household? This can be a flow of dollarsinput or output inspect all that apply

You are watching: Based on this model, households earn income when purchase in factor markets.

Homework (Ch 02) 2. The circular-flow version The adhering to diagram presents a circular-flow version of a straightforward economy. The outer set of arrows (shown in green) mirrors the circulation of dollars, and the inner set of arrows (shown in red) shows the equivalent flow the inputs and also outputs. Markets for Goods and Services Firms households Markets for components of Production based on this model, family members earn revenue when acquisition in aspect markets. Expect Susan earns $625 every week working as an analyst for A-Plus Accountants. She offers $10 come order a mojito cocktail at small Havana, Little kind here to find Oe

CENGAGE MINDTAP Q find Homework (Ch 02) based upon this model, families earn earnings when purchase in element markets. Intend Susan earns $625 every week working as an analyst because that A-Plus Accountants. She offers $10 to order a mojito cocktail at little Havana. Tiny Havana pays Raphael $325 per week to wait tables. Raphael provides $150 to purchase tax solutions from A-Plus Accountants. Determine whether each of the following events in this scenario wake up in the variable market or the product market. Event Factor sector Product sector Susan security $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. Which of the aspects of this scenario stand for a circulation from a firm to a household? This might be a flow of dollars, inputs, or outputs. Inspect all that apply. Susan's job The mojito Susan obtain The $325 every week Raphael earns working for little Havana The $150 Raphael spends to acquisition tax services from A-Plus Accountants

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Homework (Ch 02) 2. The circular-flow version The complying with diagram gift a circular-flow design of a basic economy. The outer set of arrows (shown in green) shows the flow of dollars, and the inner collection of arrows (shown in red) reflects the equivalent flow that inputs and also outputs. Industries for Goods and also Services Firms families Markets for components of Production based on this model, households earn revenue when purchase in factor markets. Suppose Susan earns $625 per week functioning as one analyst because that A-Plus Accountants. She supplies $10 to order a mojito cocktail at small Havana, Little type here to find Oe

**CENGAGE MINDTAP Q find Homework (Ch 02) based on this model, households earn income when acquisition in element markets. Mean Susan earns $625 per week functioning as one analyst because that A-Plus Accountants. She provides $10 to order a mojito cocktail at little Havana. Small Havana payment Raphael $325 per week to wait tables. Raphael supplies $150 to purchase tax solutions from A-Plus Accountants. Recognize whether every of the following occasions in this scenario wake up in the element market or the product market. Event Factor sector Product industry Susan safety $10 to order a mojito cocktail. Raphael earns $325 every week functioning for tiny Havana. Susan earns $625 per week working for A-Plus Accountants. Which of the facets of this scenario stand for a flow from a firm to a household? This might be a flow of dollars, inputs, or outputs. Inspect all that apply. Susan's job The mojito Susan receives The $325 per week Raphael earns working for tiny Havana The $150 Raphael spends to purchase tax services from A-Plus Accountants**