5 8 Market for Factors of Production 7 6 2 3 Market for Goods & Services 4 O Dale pays for his movie ticket. O Peter buys gourmet jam. O Target earns big revenue on Black Friday. O Laura offers her labor delivering sandwiches for Jimmy John's. O Spencer receives wages for tutoring. O Bank of America pays rent for its office rentals. O Safeway sells groceries. O Turner Construction rents trucks for its business. Which of the descriptions below best matches the flow described by #2? Hint: To see the origin of the flow, pay attention to the subject of the sentence, are we talking about a firm or a household? To see the kind of flow, first, think whether it is a monetary flow or a real flow and, if it's a real flow, think whether we are talking about goods & services or about factors of production -- this will help you identify the market involved. 1
5 8 Market for Factors of Production 7 6 2 3 Market for Goods & Services 4 O Dale pays for his movie ticket. O Peter buys gourmet jam. O Target earns big revenue on Black Friday. O Laura offers her labor delivering sandwiches for Jimmy John's. O Spencer receives wages for tutoring. O Bank of America pays rent for its office rentals. O Safeway sells groceries. O Turner Construction rents trucks for its business. Which of the descriptions below best matches the flow described by #2? Hint: To see the origin of the flow, pay attention to the subject of the sentence, are we talking about a firm or a household? To see the kind of flow, first, think whether it is a monetary flow or a real flow and, if it's a real flow, think whether we are talking about goods & services or about factors of production -- this will help you identify the market involved. 1
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter4: Labor And Financial Markets
Section: Chapter Questions
Problem 31P: Table 4.6 shows the amount of savings and barrowing in a market for loans lo purchase homes,...
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