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Flow

Authored by John Robinson

Social Studies

12th Grade

Flow
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15 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 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

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Which arrows on this diagram would represent the transaction between Joe who rents his office to Homework Inc., a company that provides tutoring services?

2,3

4,7

1,2

5,6

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Arrows 4 and 7 on this circular flow diagram demonstrate

prices

taxes

goods and services flow

money flow

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The arrows 1 to 2 in this diagram represent which aspect of the economy?

goods and services flow

money flow

taxes

factors of production

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What is being represented by the "green flow lines"

Flow of Money

Flow of Goods and Services

Taxes

law

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Businesses provide government with...

taxes

sales

private goods & services

interest

7.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Annie owns a large amount of land in the country. Spiffco decides to build a large factory on that property, and pay Annie rent for the use of the land. Annie represents which sector of the Circular Flow Model?

Households

Firms

Product Market

Goods and Services

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