Answer Happy

Firms Markets for Goods and Services Markets for Factors of Production Based on this model, households earn income when Households purchase labor and capital Suppose Hilary earns $625 per week working as a flight attendant for Flyaway Airlines. She uses $8 to have breakfast at Dinah's Diner. Dinah's Diner pays Edison $200 per week to work as a short-order cook. Edison uses $200 to purchase air travel to Hawail from Flyaway Airlines. Event Edison spends $200 to purchase air travel to Hawail from Flyaway Airlines. in markets for factors of production. Identify whether each of the following events in this scenario occurs in the market for factors of production or the market for goods and services. Market for Factors of Production Market for Goods and Services Hilary earns $625 per week working for Flyaway Airlines. Edison earns $200 per week working for Dinah's Diner, Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or outputs. Check all that annly
Based on this model, households earn income when purchase labor and capital Suppose Hilary earns $625 per week working as a flight attendant for Flyaway Airlines. She uses $8 to have breakfast at Dinah's Diner. Dinah's Diner pays Edison $200 per week to work as a short-order cook. Edison uses $200 to purchase air travel to Hawail from Fiyaway Airlines. firms Identify whether each of the following events in this scenario occurs in the market for factors of production or the market for goods and services. Market for Factors of Production Market for Goods and Services Event Edison spends $200 to purchase air travel to Hawail from Flyaway Airlines. Hilary earns $625 per week working for Flyaway Airlines. Edison earns $200 per week working for Dinah's Diner. Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or outputs. Check all that apply. Hilary's labor The $200 Edison spends to purchase air travel to Hawail from Flyaway Airlines The $200 per week Edison earns working for Dinah's Diner in markets for factors of production. True True or False: The actual economy is more complicated than the simple one illustrated in this circular-flow diagram. False