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MİNDTAP Homework (Ch 02) Artempts Do No Harm:13 2. The circular-flow model The following diagram presents a circular-fow model of a simple economy. The outer set of arrows (shown in green) shows the flow of dolars, and the nner set of errows (shown in red) shows the corresponding flow of inputs and outputs Markets for Goods and Services Markets for Based on this model, households earm income when in factor markets. Suppose Dina earns $575 per week working as a programmer for PC Pros. She uses $10 to get her car washed at Spotless Car Wash. Spotiess Car wash pays Charles $200 per week to wash cars. Cháries uses $125 to purchase software from PC Pros 4 option command
drs. Crahl 03e3 512s to purchase software from PC Pros Identify whether each of the following events in this scenario occurs in the factor market or the product market Event Charles spends $125 to purchase software from PC Pros Dina earns $575 per week working for PC Pros Charles eams $200 per week working for Spotless Car Wash Factor Market Product Market Which of the elements of this scenario represent a fw from a household to a em This lfow ofda O Dinas labor The $125 Charles spends to purchase software from PC Po The car wash Dina receive The $200 per week Charles earns working for Spotiess Car W 5 6 alt tion command
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Heuseholds eahn income shen fimms punchah e labon on mankets n acton mankets. Pc Pos s pnoduclt manket cahns 5675 pen week wonking fon pc pos is Fachen manket spot 10% can was h is Factor ankt optian 3 and as the house holds srecehes Senvices and money fhem poducmank ek Pm to house hold

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