The Five-Sector Circular Flow Model

What is NOT a sector in the five-sector circular flow model?

• Financial institutions

• Government

• Wholesalers

• Businesses

What is the term for the type of relationship that exists between the sectors?

• Interdependence

• Cofamiliarity

• Intradependence

• Needy

The ACCC administers the (a)   Act 2010, which is the main consumer law.

The ACCC stands for:

• Australian Consumer and Communication Coalition

• Australian Consumer and Competition Commission

• All Consumers Catch Coconuts

• Australian Competition and Consumer Commission

What does the financial sector not do to facilitate business investment?

• Provide funds for purchasing real estate

• Invest in developing and launching new products

• Injecting money from exported products back into the business sector

• Provide loans for new technology or machinery

Savings and taxes are examples of (a)   .

What are the five sectors that make up the five-sector model?

• Households, firms, financial institutions, the government, and the overseas sector

• Consumers, businesses, financial institutions, the government, and the international sector

• Individuals, companies, banks, government, and global organisations

• Individuals, businesses, banks, the ACCC, and the outer space sector

Wages, rent, and dividends are all examples of (a)   .

The primary supply resources provided by the household sector to the business sector are natural resources, (a)   , and capital (money).

Households use income to purchase various goods and services. This is known as (a)   .