Circular Flow
12th Grade
•15 Qs
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Circular Flow
Quiz
•
Social Studies
•
12th Grade
•
Practice Problem
•
Medium
APRILE STEEL
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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, Firms
Factor Market, households, Stock Market, super market
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does point A represent on the Circular flow diagram?
Households
Businesses
Factor Market
Product Market
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Point B represents
Product Market
Factor Market
Individuals
Businesses
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Where are factors of production (land, labor, etc) exchanged in the circular flow model?
Factor Market
Product Market
Firms
Individuals
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Where do factors of production (land, labor, etc) come from in the circular flow model?
Factor Market
Product Market
Firms
Individuals
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
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