#21
which two situations could economists illustrate as a factor market transaction on a pure market circular flow
diagram?
a
a
student receives wages for working as a line cook at a fast-food restaurant,
ob
a mother puts part of her income into a college savings account for her son.
c
a
patient uses health insurance to pay for long-term hospitalization,
d
a teacher receives wages for his or her job at a public school
e
a father buys groceries at a store for his family,
f
a man rents his land to an oil company,