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.
According to the circular flow of economics, which market is James participating in by going out to dinner with his wife, Julie?

Question options:

A) Stamp Market


B) Product Market


C) Automobile Market

Answer 1

Yes that was the correct answer

B) Product Market

Thanks Blackveilbridepepng3

Answer 2

James is participating in the Product Market