Identify whether each of the following events in this scenario occurs in the resource market or the product market.Andrew earns $425 per week working for Spotless Car Wash.
  • FirmsResources
  • Product Market
  • The $425 per week Andrew earns working for Spotless Car WashThe car wash Beth receives
  • Resource Market
Identify whether each of the following events in this scenario occurs in the resource market or the product market.Beth earns $675 per week working for PC Pros.
  • Product Market
  • FirmsResources
  • Resource Market
  • The $425 per week Andrew earns working for Spotless Car WashThe car wash Beth receives
An economic model is
  • Households are sellers, firms are buyers
  • FirmsResources
  • The $425 per week Andrew earns working for Spotless Car WashThe car wash Beth receives
  • a simplified representation of some aspect of the economy.
Based on this model, households earn income when _________ purchase ____________.
  • Households are sellers, firms are buyers
  • FirmsResources
  • Product Market
  • Resource Market
Identify whether each of the following events in this scenario occurs in the resource market or the product market.Beth spends $9 to get her car washed.
  • FirmsResources
  • Product Market
  • The $425 per week Andrew earns working for Spotless Car WashThe car wash Beth receives
  • Resource Market
0:0:1



Answered

Not Answered

Not Visited
Correct : 0
Incorrect : 0