Flow

The exchange of money for goods/services to consumers is represented in which part of the circular flow diagram?

• 1 and 2

• 3 and 4

• 5 and 6

• 7 and 8

Point B represents

• Product Market

• Factor Market

• Individuals

• Businesses

What does point A represent on the Circular flow diagram?

• Households

• Businesses

• Factor Market

• Product Market

What does point C represent on the Circular Flow diagram?

• Firm

• Factor Market

• Individual

• Product Market

The delivery of finished products for sale in exchange for revenue is represented in which arrows?

• 1 and 2

• 3 and 4

• 5 and 6

• 7 and 8

What is being represented by the "red flow line"

• The flow of money

• The flow of goods and services

• Taxes

• Productive resources

The circular flow is made up of a continuous interaction of which three groups?

• Workers, government and transportation

• Homeowners, business owners, car dealers

• Factories, farmers, and workers

• Households, government, and businesses

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

• Businesss

• Factor Market

• Product Market

What do businesses provide for consumers according to the circular flow model?

• goods and services

• only goods

• only services

• taxes

What model shows how products, resources, and money flow in the economy?

• Circular flow model

• aggregate model

• GDP output expenditure model

• the Cobb-Douglas production function