
AP Macroeconomics Unit 2 Flashcard
Flashcard
•
Social Studies
•
12th Grade
•
Practice Problem
•
Hard
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25 questions
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1.
FLASHCARD QUESTION
Front
What is being represented by the "green flow lines"?
Back
Flow of Money
2.
FLASHCARD QUESTION
Front
In the circular flow model, the product market describes _____?
Back
stores that sell goods and services to households
3.
FLASHCARD QUESTION
Front
In this market, businesses buy resources they need to produce goods and services.
Back
factor market
4.
FLASHCARD QUESTION
Front
The circular flow model of a market economy shows: how profits are made, what inputs are required for what outputs, how many firms can support the needs of how many households, the interactions between households and firms in the free market.
Back
the interactions between households and firms in the free market
5.
FLASHCARD QUESTION
Front
What do businesses provide for consumers according to the circular flow model?
Back
goods and services
6.
FLASHCARD QUESTION
Front
What does government provide with the revenue it takes in from taxes?
Back
Public goods and services
7.
FLASHCARD QUESTION
Front
In the circular flow model, consumption goods are bought and sold in the
Back
product market
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