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Circular Flow Model Review

Authored by Alan Long

Social Studies

12th Grade

Used 262+ times

Circular Flow Model Review
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24 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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Businesses provide government with...

taxes
sales
private goods & services
interest

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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What do governments provide for the market?

private goods & services
public goods & services

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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

loans
savings
labor
private goods

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

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

income
sales
taxes
private goods

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In the circular flow model, the product market describes _____.

stores that sell goods and services to households
the government paying for public goods
households selling their labor to businesses
households receive income from businesses

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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

factor market
stores
product market
 businesses

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What do households provide to the resource market?

land, labor, capital, and entrepreneurship

money

people

income

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