Circular Flow Review
Quiz
•
Social Studies
•
12th Grade
•
Medium
Michelle Thomas
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22 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
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
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Money earned by a firm when there is an exchange between an individual and a store for a good or service.
Revenue
Wages
Rent
Donation
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
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
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What do businesses provide for consumers according to the circular flow model?
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What do households provide to the resource market?
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
In the circular flow model, the product market describes _____.
firms that sell goods and services to households
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
The exchange of money for goods/services to consumers is represented in which part of the circular flow diagram?
1 and 2
3 and 4
5 and 6
7 and 8
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