(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 green) shows the flow of dallars, and the inner set of arrows (shown in red) shows the corresponding fiow of inputs and outputs. Based on this model, households earn income wher purchase Suppose Caroline earns \( \$ 875 \) per week working as a programmer for pC Pros. She uses \( \$ 8 \) to order a mogito cocktail at uttie Havana. Litte Havahaz pays Aritonio \( \$ 275 \) pes week to wait tables. Antono uses \( \$ 350 \) to purchase soltware from 1 C pros. Identify whether each of the following events in this scensrio occurs in the factor market or the product market. Which of the elements of this scenario represent a flow from a firm to a household? This could be a flow of doliars, inputs, or outputs. Check all that apply. The \( \$ 275 \) per weck Antonio eams woriong for Lttle Havana The \( \$ 350 \) Antomo spends to purchase software from PC Pros The mojito Caroline receives Caroline's tator