Sophie earns £900 per week working as a doctor for a private
hospital. She uses £40 to get her car repaired at Sycamore Garage.
Sycamore Garage pays Jack £400 per week to repair cars. Jack uses
£400 to purchase medical services from a private hospital.
Which of the events in this scenario occur in product
markets? Check all that apply.
aSophie earns €900 per week working for a private hospital
bJack earns €400 per working week for Sycamore Garage
cJack spends €400 to purchase medical services from a private
hospital
dSophie spends €40 to get her car repaired
Which of the elements in this scenario represent a flow from a
Households to a Firms? This could be a flow of money, inputs, or
outputs. Check all that apply.
aThe €400 per week Jack earns working for Sycamore Garage
bThe car repair Sophie receives
cThe €400 Jack spends to purchase medical services
dSophie's labour