QUESTION 7 Consider the following circular flow diagram provided below. A MARKET FOR GOODS A AND SERVICES Firms Households C MARKET FOR FACTORS D OF PRODUCTION For the following transaction, please indicate to which arrow or arrows the transaction directly applies. Transaction: Starbuck's pays a barista her weekly salary for her 20 hours of work that week OA O B OC OD QUESTION 8 Olivia and Tara are sisters, whose parents require them to do four hours of household chores per week. Both children can perform two chores: walking the family dog and watering the household plants. The following describe each child's productivity. Production per Hour of Work Child # of Dog Walks. # of Plants Watered. Olivia 3 Tara 2 Please answer each of the following questions, indicating the question numbers in your answer: . Olivia's opportunity cost of producing one dog walk is watered plants (if the value is less than one, express as a fraction, not a decimal) . Tara's opportunity cost of producing one dog walk is watered plants (if the value is less than one, express as a fraction, not a decimal) Olivia's opportunity cost of producing one watered plant is dog walks (if the value is less than one, express as a fraction, not a decimal) Tara's opportunity cost of producing one watered plant is dog walks (if the value is less than one, express as a fraction, not a decimal) (Tara, Olivia, Both, Neither] has comparative advantage in producing dog walks, and (Tara, Olivia, Both Neither) has comparative advantage in producing watered plants