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21 November, 09:40

Brainliest Week

Andy is an employee of a fast-food restaurant. Andy uses his income from this job to buy a ticket to a rock concert.

Which of the following explains the flow of productive resources and goods and services taking place?

A Andy is a firm providing a productive resource to one firm and receiving a service from another firm.

B Andy is a firm receiving a productive resource from one firm and providing a service to another firm.

C Andy is a household receiving a productive resource from one firm and providing a service to another firm.

D Andy is a household providing a productive resource to one firm and receiving a service from another firm.

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Answers (1)
  1. 21 November, 09:52
    0
    Answer: D.) Andy is a household providing a productive resource to one firm and receiving a service from another firm

    Explanation: In the context above, Andy is an household in the fast food restaurant, as he provides labor needed for the running of the fast food firm which inturn provides goods and services to its consumers. Labor provided by Andy is a productive resource which is required by the first food firm for efficient functioning and product. Other productive resources may also include capital and land. From Andy's income, he buys ticket to a rock concert where he now becomes the receiver of another firm's services.
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