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CCL Ecos2

Authored by Paul Mosomane

Business

10th Grade

Used 2+ times

CCL Ecos2
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the participants in the economy according to the circular flow?

Doctors, engineers, artists, and athletes

Students, teachers, parents, and the local community

Farmers, fishermen, miners, and factory workers

Households, businesses, government, and the foreign sector

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the real flow in the economy?

The flow of goods and services

The flow of savings by households

The flow of money for salaries

The flow of loans from banks

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the government buy in the circular flow model?

Goods and services

Factors of production

Public services and infrastructure

Savings and loans

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economy does South Africa have?

Mixed economy

Socialist economy

Closed economy

Open economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two main types of markets mentioned in the text?

Goods market and factor market

Stock market and real estate market

Technology market and healthcare market

Import market and export market

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two important flows in the circular flow model?

Savings flow and loan flow

Real flow and money flow

Export flow and import flow

Tax flow and subsidy flow

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are considered as leakages out of the flow in the economy?

Factor market, goods market, and foreign sector

Savings, taxes, and exports

Loans, subsidies, and grants

Imports, consumer spending, and government spending

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