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Resource market or the product market

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Suppose Kate earns $575 per week working as jewelry appraiser for Classy's Jewelry Store. She uses $9 to get her car washed at Spotless Car Wash. Spotless Car Wash pays Hubert $400 per week to wash cars. Hubert uses $325 to purchase necklace from Classy's Jewelry Store.

Identify whether each of the following events in this scenario occurs in the resource market or the product market?

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.

Reference no: EM13924858

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