Question

James works at an automobile factory. Every day he goes to work and inspects the machines at the factory to make sure they are running smoothly. At the end of the every week, James is paid by his boss, Bill, for his good work. James takes his paycheck to the bank every Friday and deposits most of it, but keeps a little bit of spending money. He then takes his wife, Julie, out for dinner, using the leftover money from his paycheck.
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Answer 1

Answer:

He works at a car shop or car dealership or as a mechanic

Explanation:

You said he works on cars and inspects on them so he must work at a car shop or at a car dealership or hes a mechanic.

Answer 2

Answer:

When James takes his wife, to the restaurant.

He participates in: the Product market.

Explanation:

To understand the answer we need to analyze all the options.

A option is not a concept included in the model, so it is incorrect.

According to the model, the Factor market is the market in which the enterprises or businesses purchase raw materials to create their products or services. In our case, James is not buying raw materials to create a product or service. So, it is incorrect.

The product market is where the final products or services are sold to the customer. Which is our case in the restaurant? So it is correct.

The automobile market is more like a sector classification under the general industry classification model. So it is incorrect.