13. The circular-flow model The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (shown in green) shows the ow of dollars, and the inner set of arrows (shown in red) shows the corresponding ow of inputs and outputs. Based on this model, households earn income when v purchase v in factor markets. Suppose Yvette earns $525 per week working as an analyst for A-Plus Accountants. She uses $8 to get her car washed at Spotless Car Wash. Spotless Car Wash pays Sean $325 per week to wash cars. Sean uses $150 to purchase tax services from A-Plus Accountants. Identify whether each of the following events in this scenario occurs in the factor market or the product market. Event Factor Market Product Market Sean earns $325 per week working for Spotless Car Wash. 0 0 Sean spends $150 to purchase tax services from APlus Accountants. 0 O Yvette spends $8 to get her car washed. 0 O Which of the elements of this scenario represent a ow from a firm to a household? This could be a flow of dollars, inputs, or outputs. Check all that apply. C] The $150 Sean spends to purchase tax services from A-Plus Accountants C] Yvette's labor C] The car wash Yvette receives C] The $325 per week Sean earns working for Spotless Car Wash