
Circular Flow
Quiz
•
Social Studies
•
9th - 11th Grade
•
Practice Problem
•
Medium
Jana Mullis
Used 5+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the circular flow model, in which market are firms sellers?
Product Market
Resource Market
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which market do sellers prefer high prices?
Product
Factor
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the circular flow model, in which market are households sellers?
Resource Market
Product Market
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which market do households prefer high prices?
Product Market
Factor Market
5.
MATCH QUESTION
1 min • 1 pt
Firms
Supply the product market with goods & services
Product Market
Where inputs are sold
Households
Consume goods & services in the product market
Resource/Factor Market
where goods & services are sold
6.
DRAG AND DROP QUESTION
1 min • 1 pt
If households have less (a) earned from the resource market, they spend (b) money in the (c) market. This also means less (d) for firms.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the circular flow model, what flows into firms from the product market?
goods and services
inputs
outputs
money
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