Circular Flow - 2024 dhersh

Front

What does point B represent?

Back

Individuals

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

Front

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

Back

Product Market

Front

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

Back

Productive Resource or Factor Market

Front

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

Back

Individuals

Front

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

Back

Labor

Front

What does point C represent on the Circular Flow diagram?

Back

Productive Resource or Factor Market

Front

The exchange of money for goods/services to consumers is represented in which part of the circular flow diagram?

Back

Top Left

Front

A person stocks shelves at a grocery store and receives a wage. In which part of the circular flow model have they completed an exchange?

Back

Productive Resource or Factor Market

Front

Someone buys a car in exchange for a large amount of money. In which part of the circular flow model is this exchange completed?

Back

Product Market