SOL 12b Circular Flow

In the circular flow model, what do individuals SELL to businesses

• Services

• Money

• Resources

• Goods

In the circular flow model, what do businesses provide to individuals and households?

• Goods and services

• Public goods and services

• Resources

• Taxes

Governments use tax revenue from individuals and businesses to provide______.

• resources to businesses

• goods and services to households

• money to individuals in return for labor

• public goods and services

In the circular flow model, what do individuals receive from businesses in return for their labor?

• Services

• Money

• Resources

• D Goods

In the United States economy, what do businesses buy from consumers?

• Resources

• Tax revenue

• Goods and services

• Public goods and services

Which of the following is NOT an example of a public good or service?

• Fire departments

• Public schools

• Wal-Mart

• Roads and highways

Which of the following is NOT a part of the circular flow model of the U.S. economy?

• Government

• Households

• Businesses

• Foreign nations

According to the circular flow model, where is labor exchanged for money?

• The Resource Market

• The Product Market

• The Labor Market

• Old Navy