Circular Flow Model

Circular Flow Model

12th Grade

10 Qs

quiz-placeholder

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Circular Flow Model

Circular Flow Model

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Kristin Gutierrez

Used 437+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Businesses provide government with...

taxes

sales

private goods & services

interest

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

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

loans

savings

labor

private goods

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the four main parts of the circular flow diagram?

Product Market, Stock Market, Factor Market, Fish Market

Product Market, House Market, Factor Market, Good Market

Factor Market, Product Market, Households, Businesses

Factor Market, households, Stock Market, super market

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where are factors of production (land, labor, etc) exchanged in the circular flow model?

Resource Market

Product Market

Firms

Individuals

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where do factors of production (land, labor, etc) come from in the circular flow model?

Factor Market

Product Market

Firms

Individuals

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 an individual and a store for a good or service.

Revenue

Wages

Rent

Donation

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