Circular flow

What do businesses provide for consumers according to the circular flow model?

• goods and services
• only goods
• only services
• taxes

In the circular flow model, the product market describes _____.

• stores that sell goods and services to households
• the government paying for public goods
• households selling their labor to businesses
• households receive income from businesses

What do households provide to the resource market?

• land, labor, capital 
• money
• people
• income

Which of the following is NOT a factor of production?

• land
• labor
• capital
• goods and services

In this market, businesses buy resources they need to produce goods and services.

• resource market
• stores
• product market
•  businesses

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

• Goods and services

• Public goods and services

• Resources

• Taxes

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

• Services

• Money

• Resources

• Goods

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

• Services

• Money

• Resources

• D Goods

Which of the following is NOT a factor of production?

• land
• labor
• capital
• goods and services

What do households provide to the resource market?

• land, labor, capital, and entrepreneurship

• money

• people

• income