
CCL Ecos2
Quiz
•
Business
•
10th Grade
•
Medium
Paul Mosomane
Used 2+ times
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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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