Year 9 Revision Quiz

Miss Kalache mentioned BF4L in her first lesson, what does that stand for?

• Best Friends 4 Life

• Being Fun 4 Lunch

• Best Friends 4 Lunch

• Being Fun 4 Life

What three entities make up the circular flow model?

• businesses, households, and the government
• Buyers, sellers, producers
• Local, state, and federal government
• President Obama, Katy Perry, Waka Flocka

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

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

When WalMart pays income taxes, what two parts of the circular flow model are involved?

• consumers and producers
• businesses and government
• consumers and government
• producers and consumers

What do households provide to the resource market?

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

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

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

What is being represented by the "red flow line"?

• The flow of money
• The flow of goods and services

What is being represented by the "green flow lines"?

• the flow of money
• t flow of goods and services