Circular Flow Model Review

Businesses provide government with...

What do governments provide for the market?

In terms of resources, what do households provide for businesses? (Options: loans, savings, labor, private goods)

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

In the circular flow model, the product market describes _____

In this market, businesses buy resources they need to produce goods and services.

What do households provide to the resource market?

What do businesses provide for consumers according to the circular flow model?

In the picture, what should replace Z? (Options: Factor Market, Firms, Product Market, Consumers)

In the picture, what should replace W? Options: Factor Market, Product Market, Consumers, Firms