1.3 Basic circular flow

1.3 Basic circular flow

Assessment

Flashcard

Social Studies

11th Grade

Practice Problem

Easy

Created by

R Kumar

Used 1+ times

FREE Resource

Student preview

quiz-placeholder

8 questions

Show all answers

1.

FLASHCARD QUESTION

Front

Interdependence

Back

mutual reliance between two or more sectors/groups in an economy

2.

FLASHCARD QUESTION

Front

Household Sector

Back

A group of consumers living under the same roof who use goods and services.

3.

FLASHCARD QUESTION

Front

Producers Sector

Back

creates/ makes/ provides goods and services and sells them in exchange for money.

4.

FLASHCARD QUESTION

Front

Money Flows

Back

Consumer spending, wages/salaries

5.

FLASHCARD QUESTION

Front

Real Flows

Back

Goods, services, labour

6.

FLASHCARD QUESTION

Front

Households rely on producers

Back

for goods/services

7.

FLASHCARD QUESTION

Front

Producers rely on households

Back

for labour

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?