Read the following scenario and answer the questions that follow. Eleanor earns

Question

Read the following scenario and answer the questions that follow. Eleanor earns $700 per week working as a flight attendant for Flyaway Airlines. She uses $40 to get her car detailed at Spotless Car Wash. Spotless Car Wash pays Alex $400 per week to detail cars. Alex uses $350 to purchase air travel to Hawaii from Flyaway Airlines. Which of the events in this scenario occur in markets for goods and services? Check all that apply. Alex earns $400 per week working for Spotless Car Wash. Eleanor earns $700 per week working for Flyaway Airlines. Alex spends $350 to purchase air travel to Hawaii from Flyaway Airlines. Eleanor spends $40 to get her car detailed. Which of the elements of this scenario represent a flow from a firm to a household? This could be a flow of money, inputs, or outputs. Check all that apply. The $400 per week Alex earns working for Spotless Car Wash The $350 Alex spends to purchase air travel to Hawaii from Flyaway Airlines Eleanor's labor The car detailing Eleanor receives

Explanation / Answer

1. D 2. A

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