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Based on this model, households earn income when purchase in factor markets. Suppose Poornima earns $725 per week working as a cook for Wingies. She

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Based on this model, households earn income when purchase in factor markets. Suppose Poornima earns $725 per week working as a cook for Wingies. She uses $9 to go climbing at Wally's Climbing Wall. Wally's Climbing Wall pays Manuel $325 per week to work as a safety instructor. Manuel uses $100 to purchase chicken wings from Wingies. Identify whether each of the following events in this scenario occurs in the factor market or the product market. Event Factor Market Product Market Poornima spends $9 to go climbing. O O Poornima earns $725 per week working for Wingies. O O Manuel spends $100 to purchase chicken wings from Wingies. O 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. O The climbing session Poornima receives O The $325 per week Manuel earns working for Wally's Climbing Wall Poornima's labor O The $100 Manuel spends to purchase chicken wings from Wingies

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