CE 12b Circular Flow

CE 12b Circular Flow

8th Grade

11 Qs

quiz-placeholder

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CE 12b Circular Flow

CE 12b Circular Flow

Assessment

Quiz

Social Studies

8th Grade

Practice Problem

Medium

Created by

William Cook

Used 342+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Government use taxes to produce

Leaders for the government

Weapons for the military

Public Goods and Services

Television Commercials

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who pays for the government taxes?

Workers (labor)

Homeowners/business owners (land)

Consumers (you)

All of the above

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The circular flow is made up of a continuous interaction of which three groups?

Workers, government and transportation

Homeowners, business owners, car dealers

Factories, farmers, and workers

Households, government, and businesses

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Liability can be best described as

The amount of money a person pays for a business license

The cost of doing business

The amount of money left over after paying all the costs

The risk involved in business

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a worker?

Land

Labor

Capital

Entrepreneurship

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following describes a machine used to produce a product?

Land

Labor

Capital

Entrepreneurship

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do households receive from businesses?

Capital

Wages

Dividends

Rent

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