Circular Flow Model
Authored by Tammy Peters
Social Studies
12th Grade
Used 51+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Businesses provide government with...
taxes
sales
private goods & services
interest
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In terms of resources, what do households provide for businesses?
loans
savings
labor
private goods
3.
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, Businesses
Factor Market, households, Stock Market, super market
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Where are factors of production (land, labor, etc) exchanged in the circular flow model?
Resource Market
Product Market
Firms
Individuals
5.
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
6.
MULTIPLE CHOICE QUESTION
30 sec • 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 an individual and a store for a good or service.
Revenue
Wages
Rent
Donation
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