Circular Flow
12th Grade
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Circular Flow
Quiz
•
Social Studies
•
12th Grade
•
Medium
Caleb Watson
Used 51+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is in the product market?
Land, Labor, Capital, Entrepreneurship
Imports & Exports
Goods & Services
Laws & Regulations
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is in the Resource Market
Land, Labor, Capital Entrepreneurship
Imports & Exports
Goods & Services
Laws & Regulations
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who sells in the resource market?
The Government
Businesses & Firms
Individuals & Households
All of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who sells in the product market?
Government
Businesses & Firms
Individuals & Households
All of the above
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When an individual spends money (income), where does it go?
Resource Market
Product Market
Government
All of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a business spends money (revenue), where does it go?
Resource Market
Product Market
Government
All of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Do businesses demand or supply?
Demand
Supply
Both
Neither
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