Answer:
Resource Market or Product Market
1. Identifying whether each of the following events in this scenario occurs in the resource market or the product market:
a. Alex earns $250 per week working for Little Havana. (Resource Market / Product Market)
b. Becky spends $10 to order a mojito cocktail. (Resource Market / Product Market)
c. Becky earns $650 per week working for A-Plus Accountants. (Resource Market / Product Market)
2. The elements of this scenario that represent a flow from a household to a firm are:
a. The $250 Alex spends to purchase tax services from A-Plus Accountants.
b. Becky's labor
Explanation:
The resource market is the market where firms buy resources for the production of goods and services. This means that the resource market deals in the transfer of inputs: labor, capital, land, and entrepreneurship from households to firms. In the product market, households buy output, i.e. goods and services from firms.
I believe the answers are utility bill and true.
The correct option is D). The borrower can create a payment plan.
<h3>Who is a borrower? What can a borrower do to take control of their debt?</h3>
A borrower is an individual or any business entity that takes the money from the lender on the credit with the agreement to pay it back within a specified period of time.
A borrower can control his debt by making a payment plan by which he can arrange debt payment plans directly with your creditors.
A payment plan is an organized payment schedule used for paying off any outstanding debt.
Learn more about the borrower here:-
brainly.com/question/17619427
#SPJ1
Money is a medium of exchange when: it is used to facilitate trade between buyers and sellers.
a. it is used to facilitate trade between buyers and sellers.
<u>Explanation:</u>
Money is a medium of exchange when there is a need trade between the buyer and seller. It is the medium of exchange.
The buyer will buy something from the seller and in return will exchange money which the seller will further use to buy something that he needs.
Therefore, Money is considered as the source of income and is considered as a medium through which exchange activities can take place.