Circular Flow
Authored by Rouba kn
Social Studies
9th - 12th Grade
Used 41+ times
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8 questions
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1.
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, Firms
Factor Market, households, Stock Market, super market
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Where are factors of production (land, labor, etc) exchanged in the circular flow model?
Factor Market
Product Market
Firms
Individuals
3.
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
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the circular flow diagram firms pay wages for which factor of production?
Land
Labor
Entrepreneurship
Raw materials
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person stocks shelves at a grocery store and receives a wage. They have completed an exchange in which part of the circular flow model?
Individuals
Businesss
Factor Market
Product Market
6.
MULTIPLE CHOICE QUESTION
1 min • 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 businesses and individuals for labor.
wages
revenue
spending
profit
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