Q Sear 5% MINDTAP From Cengage Homework (Ch 10) Suppose Crystal earns $625 per w
ID: 1134186 • Letter: Q
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Q Sear 5% MINDTAP From Cengage Homework (Ch 10) Suppose Crystal earns $625 per week working as an analyst for A-Plus Accountants. She uses s8 to order a mojito cocktail at Ltte Havana. Havana pays Brian $400 per week to wait tables. Brian uses $100 to purchase tax services from A-Plus Accountants mojito cocktail at Little Havana-LItte 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 Crystal earns $625 per week working for A-Plus Accountants. Crystal spends $8 to order a mojito cocktail. Brian spends $100 to purchase tax services from A-Plus Accountants. Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or outputs. Check al that apply. crystal's labor The mojito Crystal receives The $400 per week Brian earns working for Little Havana True or False: For the economy as a whole, expenditures must equal income. O FaiseExplanation / Answer
(1)
(a) Crystal earns $625 per week - Market for factors of production
(b) Crystal spends $8 - Market for goods and services
(c) Brian spends $100 - Market for goods and services
(2) The following represents a flow from household to firm:
- Crystal's labor (an outflow of labor)
(3) True
For the economy as a whole, total expenditures equal total income.
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