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

Question

Read the following scenario and answer the questions that follow. Frances earns $750 per week working as an analyst for A-PIus Accountants. She uses $10 to buy a bay of aspirin at Pillmart Pharmacy. PiIImart Pharmacy pays Mitch $240 per week to work the cash register. Mitch uses $50 to purchase tax services from A-Plus Accountants. Which of the events In this scenario occur in markets for goods and services? Check all that apply. Frances earns $750 per week working for A-Plus Accountants. Frances spends $10 to buy a box of aspirin. Mitch spends $50 to purchase tax services from A-Plus Accountants. Mitch earns $240 per week working For Pillmart Pharmacy. Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of money, Inputs, or outputs, Check all that apply. The $240 per week Mitch earns working for PiIImart Pharmacy The $50 Mitch spends to purchase tax services from A-Plus Accountants Frances's labor The aspirin Frances receives

Explanation / Answer

For the first question, I think a, b, c and d all apply. For the second, the answer would be d.

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