Identify whether each of the following events in this scenario occurs in the factor market or the product market.   Event Factor Market Product Market Frances spends $9 to buy a box of aspirin.       Frances earns $825 per week working for PC Pros.       Dmitri spends $175 to purchase software from PC Pros.         Which of the elements of this scenario represent a flow from a firm to a household? This could be a flow of dollars, inputs, or outputs. Check all that apply.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Suppose Frances earns $825 per week working as a programmer for PC Pros. She uses $9 to buy a box of aspirin at Pillmart Pharmacy. Pillmart Pharmacy pays Dmitri $450 per week to work the cash register. Dmitri uses $175 to purchase software from PC Pros.
 
Identify whether each of the following events in this scenario occurs in the factor market or the product market.
 
Event
Factor Market
Product Market
Frances spends $9 to buy a box of aspirin.
 
 
 
Frances earns $825 per week working for PC Pros.
 
 
 
Dmitri spends $175 to purchase software from PC Pros.
 
 
 
 
Which of the elements of this scenario represent a flow from a firm to a household? This could be a flow of dollars, inputs, or outputs. Check all that apply.
 
a. Frances's labor
b. The $450 per week Dmitri earns working for Pillmart Pharmacy
c. The aspirin Frances receives
d. The $175 Dmitri spends to purchase software from PC Pros
Suppose Frances earns $825 per week working as a programmer for PC Pros. She uses $9 to buy a box of aspirin at Pillmart Pharmacy. Pillmart
Pharmacy pays Dmitri $450 per week to work the cash register. Dmitri uses $175 to purchase software from PC Pros.
Identify whether each of the following events in this scenario occurs in the factor market or the product market.
Event
Factor Market Product Market
Frances spends $9 to buy a box of aspirin.
Frances earns $825 per week working for PC Pros.
Dmitri spends $175 to purchase software from PC Pros.
Which of the elements of this scenario represent a flow from a firm to a household? This could be a flow of dollars, inputs, or outputs. Check all that
apply.
Frances's labor
The $450 per week Dmitri earns working for Pillmart Pharmacy
The aspirin Frances receives
The $175 Dmitri spends to purchase software from PC Pros
Transcribed Image Text:Suppose Frances earns $825 per week working as a programmer for PC Pros. She uses $9 to buy a box of aspirin at Pillmart Pharmacy. Pillmart Pharmacy pays Dmitri $450 per week to work the cash register. Dmitri uses $175 to purchase software from PC Pros. Identify whether each of the following events in this scenario occurs in the factor market or the product market. Event Factor Market Product Market Frances spends $9 to buy a box of aspirin. Frances earns $825 per week working for PC Pros. Dmitri spends $175 to purchase software from PC Pros. Which of the elements of this scenario represent a flow from a firm to a household? This could be a flow of dollars, inputs, or outputs. Check all that apply. Frances's labor The $450 per week Dmitri earns working for Pillmart Pharmacy The aspirin Frances receives The $175 Dmitri spends to purchase software from PC Pros
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