Circular Flow & Money

Circular Flow & Money

9th - 12th Grade

20 Qs

quiz-placeholder

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Circular Flow & Money

Circular Flow & Money

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Medium

Created by

FRANK KUNF

Used 42+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

2 sector model showing how businesses & households interact

Circular Flow Diagram

Demand Curve

Supply Curve

Price Controls

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A finished product used by an individual for personal use.

Substitute Good

Complementary Good

Consumer Good

Stock

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Part of the economy where labor & resources are sold

Command Market

Factor Market

Resource Market

Product Market

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A product that can be used to satisfy a want or need.

Scarcity

Dividends

Goods

Liability

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Section of the economy made up of individuals or families

Firms

Households

Businesses

Factor

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Where buyers and sellers learn information from one another and voluntarily exchange goods, services, & money

Market

Partnership

Specialization

Command Economy

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Describes the state of a market with respect to competition

Medium of Exchange

Services

Market Structure

Store of Value

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