Circular Flow Practice Scenarios
Authored by Taylor Redd
History
12th Grade
Used 5+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sandy earns $600 per week working as a driving instructor for WNC Drive Safe, a driver education company.
Which market is this scenario describing?
Factor Market
Product Market
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sandy earns $600 per week working as a driving instructor for WNC Drive Safe, a driver education company.
What is being transferred from the household sector to the business sector in this scenario?
Money
Resources
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sandy earns $600 per week working as a driving instructor for WNC Drive Safe, a driver education company.
Which sector is Sandy a part of?
Household Sector
Business Sector
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Thomas spends $100 to purchase driving lessons from WNC Drive Safe.
Which market is this scenario describing?
Factor Market
Product Market
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Thomas spends $100 to purchase driving lessons from WNC Drive Safe.
Which sector is WNC Drive Safe a part of?
Household Sector
Business Sector
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Thomas spends $100 to purchase driving lessons from WNC Drive Safe.
What is being transferred from the household sector to the business sector in this scenario?
Money
Resources
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tammy spends $25 per week to take yoga classes at Big Bend Yoga Studio.
Which market is this scenario describing?
Factor Market
Product Market
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