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Home Page - Tarrant County College TCC 0 MindTap - Cengage Learning a ng.cengage.com MindTap - Cengage Learning Course Hero Course Hero Search this course CQ Jhoel v My Home Courses Catalog and Study Tools Rental Options College Success Tips Career Success Tips Help Give Feedback CENGAGE I MINDTAP Homework (Ch 10) 1. The economy's income and expenditure The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (shown in green) shows the flow of dollars, and the inner set of arrows (shown in red) shows the corresponding flow of inputs and outputs. Markets for Goods and Services Q A-Z firms Households Markets for Factors of Production Based on this model, households earn income when households Suppose Ana earns $575 per week working as a flig pays Yakov $400 per week to work as a short-order firms purchase in markets for factors of production. r Flyaway Airlines. She uses $10 to have breakfast at Dinah's Diner. Dinah's Diner es $150 to purchase air travel to Hawaii from Flyaway Airlines. Identify whether each of the following events in this scenario occurs in the market for factors of production or the market for goods and services. Market for Factors of Production Market for Goods and Services Event Ana earns $575 per week working for Flyaway Airlines.