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Circular Flow Formative B

Total questions: 10

Worksheet time: 13mins

Name
Class
Date
1.

The monetary flow when consumers purchase goods and services is illustrated by arrows ​ (a)   to ​ (b)   .

Choose from the below words
1
3
6
8
2.

Arrows ​ (a)   to ​ (b)   illustrate the flow of wages paid to workers.

Choose from the below words
8
6
1
3
3.

Human resources are exchanged for wages or salary in the ​ (a)   Market.

Choose from the below words
Resource (Factor)
Product
Households
Super Duper
4.

Drag

5.

The flow of goods and services from producers to consumers is shown by

a)

arrows 4 to 2

b)

arrows 6 to 8

c)

arrows going in a circle

d)

There is no illustration of any flow.

6.

What flows through the Product Market?

a)

Natural Resources

b)

Oil

c)

Finished Goods and Services

d)

The blood of the goofy cartoons

7.

Be correct or sing a song to the class. (Or not.)

8.

​ (a)   supply ​ (b)   to ​ (c)   .

Choose from the below words
Households
Resources
Businesses
the law of demand
9.

Businesses are also called ​ (a)   in the ​ (b)   Flow ​ (c)   .

Choose from the below words
Firms
Circular
Model
Entrepreneural
10.

Land, labor, and capital flow through the ​ (a)   Market.

Choose from the below words
Resource (Factor)
Product
Transactional