Question

Stella earns $750 per week working as an analyst for A-Plus Accountants. She uses $40 to get her car detailed at Spotless Car Wash. Spotless Car Wash pays Nathan $400 per week to detail cars. Nathan uses $50 to purchase tax services from A- Plus Accountants.Which of the events in this scenario occur in product markets? Check all that apply.1. Nathan earns $400 pw working.2. Nathan spends $50 to purchase tax services3. Stella earns $750 pw working4. Stella spends $40 to get her car washed.

Answer 1

Answer:

2. Nathan spends $50 to purchase tax services

4. Stella spends $40 to get her car washed.

Explanation:

product market is the marketplace in which final goods or services are offered for purchase by businesses and the public sector. Focusing on the sale of finished goods, it does not include trading in raw or other intermediate materials.