Circular Flow - 2024 dhersh

Circular Flow - 2024 dhersh

Assessment

Flashcard

Social Studies

9th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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13 questions

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1.

FLASHCARD QUESTION

Front

What does point B represent?

Media Image

Back

Individuals

2.

FLASHCARD QUESTION

Front

What are the four main parts of the circular flow diagram? Options: Product Market, Stock Market, Factor Market, Fish Market; Product Market, House Market, Factor Market, Good Market; Factor Market, Product Market, Households, Firms/Businesses; Factor Market, Households, Stock Market, Super Market

Back

Factor Market, Product Market, Households, Firms/Businesses

3.

FLASHCARD QUESTION

Front

What does point A represent in the circular flow diagram? Options: Households, Businesses, Productive Resource or Factor Market, Product Market

Media Image

Back

Product Market

4.

FLASHCARD QUESTION

Front

Where are the factors of production (land, labor, etc.) exchanged in the circular flow model?

Back

Productive Resource or Factor Market

5.

FLASHCARD QUESTION

Front

Where do the factors of production (land, labor, etc.) come from in the circular flow model?

Back

Individuals

6.

FLASHCARD QUESTION

Front

In the circular flow diagram, for which factor of production do firms pay wages?

Back

Labor

7.

FLASHCARD QUESTION

Front

What does point C represent on the Circular Flow diagram?

Media Image

Back

Productive Resource or Factor Market

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