Circular Flow

Circular Flow

12th Grade

15 Qs

quiz-placeholder

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Circular Flow

Circular Flow

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

APRILE STEEL

Used 8+ times

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15 questions

Show all answers

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

Media Image

What does point A represent on the Circular flow diagram?

Households

Businesses

Factor Market

Product Market

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

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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