Module One Quiz Markets for Goods and Services Firms Households Markets for Factors of Production Based on this model, households earn income when purchase in factor markets. Suppose Maria earns $550 per week working as a pilot for Wingies. She uses $8 to take a spin class at Silver's Gym. Silver's Gym pays Kevin $300 per week to work as a trainer. Kevin uses $275 to purchase international flights 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 Maria spends $8 to take a spin class. O O Kevin spends $275 to purchase international flights from Wingies. O O Kevin earns $300 per week working for Silver's Gym. 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 $300 per week Kevin earns working for Silver's Gym O The $275 Kevin spends to purchase international flights from Wingies The spin class Maria receives Maria's labor