Economic Circular Flow

Economic Circular Flow

Multiple Choice

Who pays for the government taxes?

• Workers (labor)

• Homeowners/business owners (land)

• Consumers (you)

• All of the above

Multiple Choice

Government use taxes to produce

• Leaders for the government

• Weapons for the military

• Public Goods and Services

• Television Commercials

Multiple Choice

What drives the circular flow model?

• success
• profit
• taxes
• monetary policy

Multiple Choice

What is being represented by the "red flow line"?

• The flow of money
• The flow of goods and services

Multiple Choice

What is being represented by the "green flow lines"?

• the flow of money
• t flow of goods and services

Multiple Choice

What do households provide to the resource market?

• land, labor, capital 
• money
• people
• income

Multiple Choice

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

• goods and services
• only goods
• only services
• taxes

Multiple Choice

What three entities make up the circular flow model?

• businesses, households, and the government
• Buyers, sellers, producers
• Local, state, and federal government
• President Obama, Katy Perry, Waka Flocka

Multiple Choice

When individuals work for businesses, what do they get in return?

• Capital

• Labor

• Income

• Raw materials

Multiple Choice

When individuals work for businesses, what resource are they providing?

• Capital

• Labor

• Loans

• Raw materials

Multiple Choice

• Supply and Demand

• Economic Circular Flow

• Consumer Sovereignty

• Types of Business ownership