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Identify whether each of the following events in this scenario occurs in the market for factors of production or the market for goods and services.
Identify whether each of the following events in this scenario occurs in the market for factors of production or the market for goods and services.
tableEventtableMarket for Factors ofProductiontableMarket for Goods andServicesManuel spends $ to purchase software from Maction.,OtableManuel earns $ per week working for Breanna's BrewingCompanyOOPoornima spends $ to have a pint.,O
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 apply.
The beer Poornima receives
The $ per week Manuel earns working for Breanna's Brewing Company
The $ Manuel spends to purchase software from Maction
True or False: The actual economy is more complicated than the simple one illustrated in this circularflow diagram.
True
False
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