(Solved): The following diagram presents a circular-flow model of a simple economy. The outer set of arrows ( ...

The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (shown in oreen) shows the flow of doilars, and the zaner set of arrows (shown in red) shows the corresponding flow of incuts and outputs: Based on this model, bousenoids arn income when Purchase Based en this model, households eam income when suppose Amy eams \( \$ 600 \) per week working as work as a flight attendant for Flyaway Airines. She uses \( \$ 9 \) to order a mojto cochtail at Little Havana. Lrde Havana pays Van \( \$ 325 \) per week to wait tables, Van uses \( \$ 150 \) to purchase air travel to Hawai from Hlyaway arines. Juentify whether each of the following events in this scensiso occurs in the factor market ar the prootuct market. Which of the elements of this scenano represent a flow from a household to a firm? This could be a fow of doliars, incuts, or ditnu?s Check an thazapeil The mojito Amy receives The 1325 per week van eams working for Litie ravana Prey's lacoor The 5150 Van spends to purchase ar trayel to Hawail from Flyaway Arifies