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TCC Jhoel v My Home Courses 0 Home Page - Tarrant County College CENGAGE I MINDTAP Homework (Ch 10) 1. The economy's income and expenditure a ng.cengage.com Homework (Ch 10) indTap - Cengage Learning Q Search this course 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 A-Z CQ Catalog and Study Tools Rental Options College Success Tips Career Success Tips Help Give Feedback firms Households Markets for Factors of Production Based on this model, households earn income when households v purchase in markets for factors of production. Suppose Dina earns $600 per week working as a programmer for PC Pros. She uses $8 to buy a box of aspirin at Pillmart Pharmacy. Pillmart Pharmacy pays Charles $325 per week to work the cash register. Charles uses $200 to purchase software from PC Pros. 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. Event Dina spends $8 to buy a box of aspirin. Market for Factors of Production Market for Goods and Services