Search Header Logo

Circular flow/Market Structures

Authored by JC Byland

Social Studies

12th Grade

Used 2+ times

Circular flow/Market Structures
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 10 pts

In what market do businesses sell goods and services to households?

Product Market

Resource Market

Factor Market

2.

MULTIPLE CHOICE QUESTION

20 sec • 10 pts

In what market are the factors of production bought and sold?

Product Market

Factor/Resource Market

3.

MULTIPLE CHOICE QUESTION

20 sec • 10 pts

True or False- Businesses demand in the resource market and supply in the product market

True

False

4.

MULTIPLE CHOICE QUESTION

20 sec • 10 pts

In the circular flow diagram firms pay wages for which factor of production?

Land

Labor

Entrepreneurship

Raw Materials

5.

MULTIPLE CHOICE QUESTION

20 sec • 10 pts

A person stocks shelves at a grocery store and receives a wage. They have completed an exchange in which part of the circular flow model?

Individuals

Business

Factor Market

Product Market

6.

MULTIPLE CHOICE QUESTION

20 sec • 10 pts

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

10 sec • 10 pts

Goods and services are sold in the ___ market

Factor market

Product Market

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?