Question: This question I am having some problems with in terms of the elements of the scenario which I have gotten incorrect once already. Suppose Dina

This question I am having some problems with in terms of the elements of the scenario which I have gotten incorrect once already.

Suppose Dina earns $575 per week working as an analyst for A-Plus Accountants. She uses $9 to get her car washed at Spotless Car Wash. Spotless Car Wash pays Charles $300 per week to wash cars. Charles uses $275 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
Charles earns $300 per week working for Spotless Car Wash.
Dina spends $9 to get her car washed.
Charles spends $275 to purchase tax services from A-Plus Accountants.

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.

-Dina's labor

-The $275 Charles spends to purchase tax services from A-Plus Accountants

-The $300 per week Charles earns working for Spotless Car Wash

-The car wash Dina receives

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!