The Circular Flow Model of the Economy
Interactive Video
•
Social Studies
•
9th - 12th Grade
•
Practice Problem
•
Easy
R. Hernandez
Used 1+ times
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the circular flow model of the economy?
A model showing the flow of traffic in a city
A model showing the flow of goods, services, resources, and money
A model showing the flow of water in a river
A model showing the flow of air in the atmosphere
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the factors of production?
Land, labor, capital, and entrepreneurship
Books, pencils, paper, and erasers
Water, air, fire, and earth
Food, clothing, shelter, and transportation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Where do businesses sell their goods and services?
In the capital market
In the labor market
In the product market
In the factor market
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the government participate in the circular flow model?
By producing all the goods in the economy
By controlling the weather
By selling goods and services
By collecting taxes and providing public services
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens when you buy a coffee at Dunkin' Donuts?
The coffee is free
Dunkin' Donuts loses money
Dunkin' Donuts makes money and pays its employees
The coffee disappears
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