1.1 1.2. Suppose that Jason earns rent of $750 per month from a grocery store fo

Question

1.1

1.2.  

Suppose that Jason earns rent of $750 per month from a grocery store for the use of his land for a parking lot. Jason's land is a resource that flows from:

Suppose that Jason earns rent of $750 per month from a grocery store for the use of his land for a parking lot. The $750 flows from:

The circular flow model shows how resources flow from households to firms through the resource market, and how products flow from firms to households through the product market. Households receive income from firms through the resource market, and firms receive revenue from households through the product market.

Explanation / Answer

a) "D"

Households to firms through the resource market. The land is a resource used as a parking lot. the answer is D.

b) "B"

Firm to the household through the resource market.

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