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the second pic for the first question continues Based on this model, households earn income when _ firms purchase factors in factor markets. Suppose Becky

the second pic for the first question continues

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Based on this model, households earn income when _ firms purchase factors in factor markets. Suppose Becky earns $625 per week working as work as a flight attendant for Flyaway Airlines. She uses $9 to get her car washed at Spotless Car Wash. Spotless Car Wash pays Alex $500 per week to wash cars. Alex uses $150 to purchase air travel to Hawaii from Flyaway Airlines. Identify whether each of the following events in this scenario occurs in the factor market or the product market. Event Factor Market Product Market Becky earns $625 per week working for Flyaway Airlines. O O Alex earns $500 per week working for Spotless Car Wash. O O Becky spends $9 to get her car washed. 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 Adde The car wash Becky receives The $150 Alex spends to purchase air travel to Hawaii from Flyaway Airlines O) The $500 per week Alex earns working for Spotless Car Wash Becky's labor

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