Yr 8 Business Studies - Circular Flow

Yr 8 Business Studies - Circular Flow

7th - 9th Grade

17 Qs

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Yr 8 Business Studies - Circular Flow

Yr 8 Business Studies - Circular Flow

Assessment

Quiz

Social Studies

7th - 9th Grade

Practice Problem

Medium

Created by

Glenn Lovegrove

Used 80+ times

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17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Households provide Firms with...

Resources

Goods

Services

Income

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Labour

Loans

Savings

Taxes

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do Firms provide for households?

Goods and Services

Taxes

Loans

Savings

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do households provide for banks?

Savings

Taxes

Loans

Income

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do Banks provide firms?

Investment

Taxes

Income

Savings

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Business's provide households with

Income

Taxes

Resources

Savings

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the circular flow model, the retail market describes _____

stores that sell goods and services to households

the government paying for public goods

households selling their labour to businesses

households receive income from businesses

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