Circular Flow Model Flashcard
Flashcard
•
Social Studies
•
12th Grade
•
Practice Problem
•
Hard
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24 questions
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1.
FLASHCARD QUESTION
Front
Businesses provide government with...
Back
taxes
2.
FLASHCARD QUESTION
Front
What do governments provide for the market?
Back
public goods & services
3.
FLASHCARD QUESTION
Front
In terms of resources, what do households provide for businesses? (Options: loans, savings, labor, private goods)
Back
labor
4.
FLASHCARD QUESTION
Front
In terms of resources, what do businesses provide for households?
Back
income
5.
FLASHCARD QUESTION
Front
In the circular flow model, the product market describes _____?
Back
stores that sell goods and services to households
6.
FLASHCARD QUESTION
Front
In this market, businesses buy resources they need to produce goods and services.
Back
factor market
7.
FLASHCARD QUESTION
Front
What do households provide to the resource/factor market?
Back
land, labor, capital, and entrepreneurship
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