What's in the flow? Use the information to answer the following questions. For each ofthe scenarios, youshould identify: a themarket: resource OR product b the factorofproduction: land, labor, capital, OR entrepreneurship s the product: good OR service 1. Rouhaanhashis own business selling shawama at a standin a Mall. For his shawama stand, he grows tomatoes in a small garden plot. a. Rouhaanrents his garden plot in the_market. b. The garden plot is a resource. c. A shawama Rouhaan sells at his standis a 2. AZW Productions Inc. just announceda bighit show will play at the Grand Theaterin July. Raja works atthe shawama standinside the theater and sayshe canhelp youbuy tickets to the show. 2AZW Productions Inc. will sell tickets to you in the. market. b. Rajais anexample of a _resource. c...AZW Productions Inc.is selling you a

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
Section: Chapter Questions
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What's in the flow?
Use the information to answer the following questions. For each ofthe scenarios, you should identify:
a the market: resource OR product
b the factor ofproduction: land, labor, capital, OR entrepreneurship
S. the product: good OR service
1. Rouhaanhas his own business selling shawamma at a standin a Mall. For his shawama stand, he grows
tomatoes in a small garden plot.
a. Rouhaan rents his garden plot in the
market.
b. The garden plot is a
resource.
c.
A shawama Rouhaan sells at his standis a
2. AZW Productions Inc. just announced a bighit show will play at the Grand Theaterin July.
Raja works at the shawama standinside the theater and sayshe canhelp you buy tickets to the show.
a AZW Productions Inc. will sell tickets to you in the
market.
b. Rajais an example of a
resource.
SamAZW Productions Inc.is selling you a
Transcribed Image Text:What's in the flow? Use the information to answer the following questions. For each ofthe scenarios, you should identify: a the market: resource OR product b the factor ofproduction: land, labor, capital, OR entrepreneurship S. the product: good OR service 1. Rouhaanhas his own business selling shawamma at a standin a Mall. For his shawama stand, he grows tomatoes in a small garden plot. a. Rouhaan rents his garden plot in the market. b. The garden plot is a resource. c. A shawama Rouhaan sells at his standis a 2. AZW Productions Inc. just announced a bighit show will play at the Grand Theaterin July. Raja works at the shawama standinside the theater and sayshe canhelp you buy tickets to the show. a AZW Productions Inc. will sell tickets to you in the market. b. Rajais an example of a resource. SamAZW Productions Inc.is selling you a
Who's in the flow?
Use the infomation to answer the following questions. For each ofthe scenarios, you should identify:
a. the role ofthe person: buyer OR seller; the market: resource OR product
b.
the sector: household OR firm
s. the sector receiving the money payment: household OR firm
1. Saima Sports sells a soccer ball to Ahmed. What can youtell about the transaction?
a. Ahmed was the
ofthe soccer ball in the
market.
b. Ahmed is part ofthe
sector.
c. The money usedin this transaction waspaid to the
sector.
2. Ahmed has a large rural property where he grows Apple trees and sells them to "Taha"
Company. What canyoutell about the transaction?
a. Ahemd was the
of the land and trees in the
market.
b. Ahemd is part of the
sector.
The money payment in this transaction went to the
sector.
с.
Transcribed Image Text:Who's in the flow? Use the infomation to answer the following questions. For each ofthe scenarios, you should identify: a. the role ofthe person: buyer OR seller; the market: resource OR product b. the sector: household OR firm s. the sector receiving the money payment: household OR firm 1. Saima Sports sells a soccer ball to Ahmed. What can youtell about the transaction? a. Ahmed was the ofthe soccer ball in the market. b. Ahmed is part ofthe sector. c. The money usedin this transaction waspaid to the sector. 2. Ahmed has a large rural property where he grows Apple trees and sells them to "Taha" Company. What canyoutell about the transaction? a. Ahemd was the of the land and trees in the market. b. Ahemd is part of the sector. The money payment in this transaction went to the sector. с.
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