Question

5. Understanding the flow of goods, services, resources, and money through an economy takes practice.
It's often helpful to focus on specific examples, such as the flow of goods, services, resources, and
money through an apple orchard. Place the events in the table in order to show the flow through an apple
orchard's economy.
Order
Event
Labor is hired to plant the saplings.
Households use income to purchase apples at the grocery store.
Households receive income in exchange for their labor.
The orchard takes out a loan from the bank to be able to buy apple
saplings.
The orchard gains revenue when its apples are purchased.

Answer 1

Answer:

Here is the ordered flow of events through an apple orchard's economy:

Order Event

1 Labor is hired to plant the saplings.

2 The orchard takes out a loan from the bank to buy apple saplings.

3 Households receive income in exchange for their labor.

4 The orchard gains revenue when its apples are purchased.

5 Households use income to purchase apples at the grocery store.