the question continues"Identify whether each of the following events in this scenario occurs in the factor market or the product market. 1. Shen earns $350 per week working for little Havana. 2. Valerie earns $700 per week working for PC pros. 3. Shen spends $200 to purchase software from PC pros. 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. 1. the Mojito Valerie receives. 2. the $350 per week Shen working for little Havana. 3. the $200 Shen spends to purchase software from PC pros. 4. Valerie's labor.

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 inner set of arrows (shown in red) shows the corresponding flow of inputs and outputs. 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 Valerie earns $700 per week working as a programmer for PC Pros. She uses $8 to order a mojito cocktail at Little Havana. Little Havana pays Shen $350 per week to wait tables. Shen uses $200 to purchase software from PC Pros