CE 12b Circular Flow
Quiz
•
Social Studies
•
8th Grade
•
Practice Problem
•
Medium
William Cook
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11 questions
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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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