Aaron locked himself out of his house and had to pay $40 to Brianna,who works for Lucky Locksmith,to open his door.Based on this transaction in the economy and using concepts from the circular flow model,which of the following is true?

Question

Quizplus · Accepted Answer

Brianna provided a service (labor) in exchange for payment, which means she earned income from supplying her labor services. Aaron, on the other hand, did not supply any goods or services in this transaction; he was a consumer. Therefore, options B, D, and E are incorrect. Option C is also incorrect since Brianna did not purchase any goods or services in this transaction.

Aaron Locked Himself Out of His House and Had to Pay