Circular Flow Model

Front

Businesses provide government with...

Back

taxes

Front

In terms of resources, what do households provide for businesses?

Back

labor

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, Businesses; Factor Market, households, Stock Market, super market

Back

Factor Market, Product Market, Households, Businesses

Front

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

Back

Resource Market

Front

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

Back

Individuals

Front

Someone buys a car in exchange for a large amount of money. They have completed an exchange in which part of the circular flow model?

Back

Product Market

Front

Money exchanged between an individual and a store for a good or service.

Back

Revenue

Front

Do business supply or demand from the product market?

Back

Supply

Front

Do individuals supply or demand from the product market?

Back

Demand

Front

Public sector is

Back

all government programs