Economics: Circular Flow
Authored by Tracy Dozier
Social Studies
9th - 12th Grade
Used 1K+ times
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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Point B represents
Product Market
Factor Market
Individuals
Businesses
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does point A represent on the Circular flow diagram?
Households
Businesses
Factor Market
Product Market
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Where are factors of production (land, labor, etc) exchanged in the circular flow model?
Factor Market
Product Market
Firms
Individuals
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does point C represent on the Circular Flow diagram?
Firm
Factor Market
Individual
Product Market
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person stocks shelves at a grocery store and receives a wage. They have completed an exchange in which part of the circular flow model?
Individuals
Businesss
Factor Market
Product Market
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Someone buys a car in exchange for a large amount of money. They have completed an exchange in which part of the circuclar flow model?
Product Market
Factor Market
Firms
Individuals
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money exchanged between businesses and individuals for labor.
wages
revenue
spending
profit
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