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Figure 1.3 The Clientar Flow of Economie Reffully Payments for cate the market where each transaction takes place, Product or Factor. The first one is
Figure 1.3 The Clientar Flow of Economie Reffully Payments for cate the market where each transaction takes place, Product or Factor. The first one is done for you. 1. David buys a CD at the local store for $9.99, Product market 2. Emily earns $7.25 per hour entering data for a computer company.. 3. Keisha makes decorative pillows that she sells for $30.00. 4. Mammoth Toy company hires 100 new employees. 5. Maria works for the local Mcdonalds as a cashier. 6. Apple Computer has a new i-phone it wants to launch next month._ 7. Shelley goes to a movie at Carmike Cinemas on stimulus Tuesday. 8. Bill Gates supplies his entrepreneurial talents to Microsoft. Indicate whether each statement is true or false. 9. In the above diagram, money flows are clockwise. 10. Goods and services flows are clockwise. 11. Firms sell resources in the resource market. 2. Businesses require resources to produce goods and services. All resources are owned by households. 4. Businesses buy goods and services from the households. Households receive income from businesses when they supply resources
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