# Based on this model, households earn income when (firms /households) purchase (resources/goods and..

Based on this model, households earn income when (firms /households) purchase (resources/goods and services) in resource markets. Suppose Becky earns \$650 per week working as an analyst for A-plus Accountants. She uses \$10 to order a mojito cocktail at Little Havana. Little Havana pays Alex \$250 per week to wait tables. Alex uses \$250 to purchase tax services from A-Plus Accountants. Identify whether each of the following events in this scenario occurs in the resource market or the product market. 1.Alex earns \$250 per week working for Little Havana. (Resource Market / Product Market) 2.

Based on this model, households earn income when (firms /households) purchase (resources/goods and services) in resource markets. Suppose Becky earns \$650 per week working as an analyst for A-plus Accountants. She uses \$10 to order a mojito cocktail at Little Havana. Little Havana pays Alex \$250 per week to wait tables. Alex uses \$250 to purchase tax services from A-Plus Accountants. Identify whether each of the following events in this scenario occurs in the resource market or the product market. 1.Alex earns \$250 per week working for Little Havana. (Resource Market / Product Market) 2. Becky spends \$10 to order a mojito cocktail. (Resource Market / Product Market) 3. Becky earns \$650 per week working for A-Plus Accountants. (Resource Market / Product Market) 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 mojito Becky receives ( ) The \$250 Alex spends to purchase tax services from A-Plus Accountants ( ) The \$250 per week Alex earns working for Little Havana ( ) Becky’s labor

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