d Finder File Edit Go Window Help &S SunMar 10 12:22PM @ ng.cengage.com liz - ECO-20 NN . 2 CENGAGE | MINDTAP Q' Search this course BCLITEL ' Module One Quiz o X The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (shown in green) shows the flow of dollars, and the PROFILE inner set of arrows (shown in red) shows the corresponding flow of inputs and outputs. ORDERS Markets for RENTALS Goods and Services COURSES v Study tools ) Markets for College Success Tips Factors of Production Career Success Tips Based on this model, firms earn revenue when W purchase W in product markets. Suppose Poornima earns $600 per week working as a software engineer for Casement. She uses $9 to take a yoga class at Big Bend. Big Bend pays Manuel $250 per week to instruct yoga. Manuel uses $375 to purchase software from Casement. Identify whether each of the following events in this scenario occurs in the factor market or the product market. d Finder File Edit View Go Window Help &S SunMar 10 12:22PM @ ng.cengage.com NN 2 CENGAGE | MINDTAP Q' Search this course BCLITEL ' Module One Quiz o X Based on this model, firms earn revenue when W purchase in product markets. o200l 1M =3 Suppose Poornima earns $600 per week working as a software engineer for Casement. She uses $9 to take a yoga class at Big Bend. Big Bend pays Manuel $250 per week to instruct yoga. Manuel uses $375 to purchase software from Casement. ORDERS G Identify whether each of the following events in this scenario occurs in the factor market or the product market. ' Event Factor Market Product Market (o{e]U) 51 =S g Poornima spends $9 to take a yoga class. Poornima earns $600 per week working for Casement. Manuel earns $250 per week working for Big Bend. Study tools Which of the elements of this scenario represent a flow from a firm to a household? This could be a flow of dollars, inputs, or outputs. Check all that College Success Tips apply. The yoga class Poornima receives Career Success Tips Poornima's labor The $250 per week Manuel earns working for Big Bend The $375 Manuel spends to purchase software from Casement [clcTEY RO Save & Continue Continue without saving S el=lT-1 1 |