For each of the following activities, identify the flow of dollars as either household-to-firm or firm-to-household. Activity Flow of Dollars Poornima earns $10,000 from 40% ownership of her family business. Kate spends $100 for a piano lesson. Clancy earns $8 per hour working at a fast-food restaurant. Eileen pays a storekeeper $4 for a bag of oranges.
For each of the following activities, identify the flow of dollars as either household-to-firm or firm-to-household. Activity Flow of Dollars Poornima earns $10,000 from 40% ownership of her family business. Kate spends $100 for a piano lesson. Clancy earns $8 per hour working at a fast-food restaurant. Eileen pays a storekeeper $4 for a bag of oranges.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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