Business, 13.10.2020 04:01, kingzae5

Suppose Cho earns $625 per week working as an analyst for A-Plus Accountants. She uses $8 to buy a box of aspirin at Pillmart Pharmacy. Pillmart Pharmacy pays Bob $325 per week to work the cash register. Bob uses $100 to purchase tax services from A-Plus Accountants. 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 Market for Factors of Production Market for Goods and Services
Cho spends $8 to buy a box of aspirin.
Bob earns $325 per week working for Pillmart Pharmacy.
Cho earns $625 per week working for A-Plus Accountants.

Which of the elements of this scenario represent a flow from a firm to a household?

a. The $325 per week Bob earns working for Pillmart Pharmacy
b. The $325 Bob spends to purchase medical services from the Medical Clinic
c. The aspirin Cho receives
d. Cho's labor

Answers: 3

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