What's in the flow?Use the information to answer the following questions. For each ofthe scenarios, you should identify:a the market: resource OR productb the factor ofproduction: land, labor, capital, OR entrepreneurshipS. the product: good OR service1. Rouhaanhas his own business selling shawamma at a standin a Mall. For his shawama stand, he growstomatoes in a small garden plot.a. Rouhaan rents his garden plot in themarket.b. The garden plot is aresource.c.A shawama Rouhaan sells at his standis a2. AZW Productions Inc. just announced a bighit show will play at the Grand Theaterin July.Raja works at the shawama standinside the theater and sayshe canhelp you buy tickets to the show.a AZW Productions Inc. will sell tickets to you in themarket.b. Rajais an example of aresource.SamAZW Productions Inc.is selling you a Who's in the flow?Use the infomation to answer the following questions. For each ofthe scenarios, you should identify:a. the role ofthe person: buyer OR seller; the market: resource OR productb.the sector: household OR firms. the sector receiving the money payment: household OR firm1. Saima Sports sells a soccer ball to Ahmed. What can youtell about the transaction?a. Ahmed was theofthe soccer ball in themarket.b. Ahmed is part ofthesector.c. The money usedin this transaction waspaid to thesector.2. Ahmed has a large rural property where he grows Apple trees and sells them to "Taha"Company. What canyoutell about the transaction?a. Ahemd was theof the land and trees in themarket.b. Ahemd is part of thesector.The money payment in this transaction went to thesector.с.

Q1) 1. Rouhaan has his own business selling shawarma at a stand in a mall. For his shawarma stand,…

What's in the flow? Use the information to answer the following questions. For each ofthe scenarios, youshould identify: a themarket: resource OR product b the factorofproduction: land, labor, capital, OR entrepreneurship s the product: good OR service 1. Rouhaanhashis own business selling shawama at a standin a Mall. For his shawama stand, he grows tomatoes in a small garden plot. a. Rouhaanrents his garden plot in the_market. b. The garden plot is a resource. c. A shawama Rouhaan sells at his standis a 2. AZW Productions Inc. just announceda bighit show will play at the Grand Theaterin July. Raja works atthe shawama standinside the theater and sayshe canhelp youbuy tickets to the show. 2AZW Productions Inc. will sell tickets to you in the. market. b. Rajais anexample of a _resource. c...AZW Productions Inc.is selling you a

What's in the flow? Use the information to answer the following questions. For each ofthe scenarios, youshould identify: a themarket: resource OR product b the factorofproduction: land, labor, capital, OR entrepreneurship s the product: good OR service 1. Rouhaanhashis own business selling shawama at a standin a Mall. For his shawama stand, he grows tomatoes in a small garden plot. a. Rouhaanrents his garden plot in the_market. b. The garden plot is a resource. c. A shawama Rouhaan sells at his standis a 2. AZW Productions Inc. just announceda bighit show will play at the Grand Theaterin July. Raja works atthe shawama standinside the theater and sayshe canhelp youbuy tickets to the show. 2AZW Productions Inc. will sell tickets to you in the. market. b. Rajais anexample of a _resource. c...AZW Productions Inc.is selling you a

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter2: Scarcity And Opportunity Costs

Section: Chapter Questions

Problem 14E

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