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Suppose Teresa earns $775 per week working as jewelry appraiser for Classy's Jewelry Store. She uses $9 to buy a box of aspirin at Pillmart Pharmacy. Pillmart Pharmacy pays Sam $450 per week to work the cash register. Sam 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.

Sam earns $450 per week working for Pillmart Pharmacy.

Teresa spends $9 to buy a box of aspirin.

Sam spends $325 to purchase necklace from Classy's Jewelry Store.

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.
Teresa's labor

The $450 per week Sam earns working for Pillmart Pharmacy

The $325 Sam spends to purchase necklace from Classy's Jewelry Store



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Posted Answers:

Teresa spends $9 to buy a box of aspirin. (Product Market).

Teresa earns $525 per week working for Classy's Jewelry Store. (Resource Market).

Sam spends $325 to purchase a necklace from Classy's Jewelry Store. (Product Market).

Next Question: Only select The aspirin Teresa receives