Suppose Rina earns $700 per week working as an installation technician for Stephon's Satellite Service. She uses $7 to install reflective stickers on her bike at Riley's Off-Road Repair. Riley's Off-Road Repair pays Musashi $425 per week to fix bicycles. Musashi uses $200 to purchase satellite tv from Stephon's Satellite Service. 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. Event Market for Factors of Production Market for Goods and Services Musashi spends $200 to purchase satellite tv from Stephon's Satellite Service. Rina spends $7 to install reflective stickers on her bike. Musashi earns $425 per week working for Riley's Off-Road Repair. 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. The $425 per week Musashi earns working for Riley's Off-Road Repair Rina's labor The reflective stickers Rina receives True or False: The actual economy is more complicated than the simple one illustrated in this circular-flow diagram. True False