Refer to the 'Circular Flow Model of Economic Activity' diagram. What do firms (businesses) provide to the product market?

Refer to the 'Circular Flow Model of Economic Activity' diagram. Fill in the blank: Households receive ______ from the factor (resource) market.

Refer to the 'Circular Flow Model of Economic Activity' diagram. Which market is responsible for the exchange of goods and services?

Refer to the right diagram of the 'Circular Flow Model of Economic Activity.' What does arrow 3 represent?

Refer to the right diagram of the 'Circular Flow Model of Economic Activity.' What does arrow 6 represent?

Milin brings her six-year-old son to Dunkin' Donuts for breakfast this Saturday morning. a. Milin is a member of a _________ and acted as a __________ in the __________ market for this transaction.

Milin brings her six-year-old son to Dunkin' Donuts for breakfast this Saturday morning. b. Dunkin Donuts represents a _________ and acted as the __________ in the __________ market for this transaction.

Fisher and his brother Hunter own a large family farm where they raise chickens. They sell the chickens to Pardue Chicken Company. a. Fisher and Hunter are members of a __________, and collectively act as the __________ of chickens in the __________ market.

Matthew owns and operates a local competitive cheer gym. At his gym he provides cheer lessons, tumbling, and all-star cheer teams. a. Matthew’s cheer business provides a ____. The tumble track, and equipment represent ____ that Matthew utilizes for his business. Matthew would be considered a(n) ____ that acts as a ____ in the ____ market. What is the correct sequence of terms to fill in the blanks?

Wesley works in retail at the local Fun-Is-Us, which sells party products for people who want to throw a birthday party or party. a. Fun-Is-Us, Inc. is a ____ that acts as a ____ of party products, and the business provides a ____ in the ____ market. Wesley is a member of a ____ that obtained his job in the ____ market and acts as a ____ resource for the business. What is the correct sequence of terms to fill in the blanks?

Ian purchased flowers for his fiancé on Valentine’s Day from Love at a Low Price. How is the money flowing to the party receiving it?

Landon worked at the Home Spot last year and earned $55,000 for his hard work and effort. How is the money flowing to the party receiving it?

Mitchell recently purchased the new ePhone from the Pear Store at the local mall. The Pear Company received $1,200 from the purchase of the phone. How is the money flowing to the party receiving it?

Bethany worked as a babysitter last week and earned $20 per hour. How is the money flowing to the party receiving it?

Scenario: The last purchase you made. Market: ________ (Fill in the blank with the correct market type.)

Scenario: The market where the business brings the goods and services to sell to consumers. Market: ________ (Fill in the blank with the correct market type.)

Scenario: Where you go to work and the money paid to you for your labor at your job. Market: ________ (Fill in the blank with the correct market type.)

Scenario: Where the business goes to hire you as a labor resource. Market: ________ (Fill in the blank with the correct market type.)

Refer to the 'Circular Flow Model of Economic Activity' diagram. 1. _____________________________________________

Refer to the 'Circular Flow Model of Economic Activity' diagram. 2. _____________________________________________ (Fill in the blank: )

Refer to the 'Circular Flow Model of Economic Activity' diagram. 3. _____________________________________________ (Fill in the blank)

Refer to the 'Circular Flow Model of Economic Activity' diagram. 4. _____________________________________________ (Fill in the blank)

Refer to the 'Circular Flow Model of Economic Activity' diagram. 5. _____________________________________________ (Fill in the blank)

Refer to the 'Circular Flow Model of Economic Activity' diagram. 6. _____________________________________________

Refer to the 'Circular Flow Model of Economic Activity' diagram. 7. _____________________________________________

In the Factor (Resource) Market: What do firms bring to the market?

In the Factor (Resource) Market: What do most households bring to the market?

In the Product Market: What do firms bring to the market?

In the Product Market: What do most households bring to the market?

Based on the above circular flow, which number sequences the voluntary exchange of money for goods and services? _______ to _________ and _________ to __________

Based on the above circular flow, which number sequences the voluntary exchange of labor and wages? _______ to _________ and _________ to __________

What arrows represent the flow of money?

What arrows represent the flow of inputs and outputs?

Fill in the appropriate answer for the following scenarios based on the circular flow models below. 1. Aniyah pays a local grocer $350 for groceries. Which market does this occur?

Cody earns $7.25 an hour working for Ralphs Club, a local warehouse club. Which market does this occur?

Evelyn spends $60 to get her hair braided and dyed. Which market does this occur?

Fill in the appropriate answer for the following scenarios based on the circular flow models below. 4. Taylor earns $10,000 from her stock investment in Spot, Inc. Which market does this occur?

Darren borrows money to open up a brand new Sushi restaurant in your county. Which market does this occur?

If Box A of the circular-flow diagram represents households, then which box represents firms?

If Box C of the circular-flow diagram represents the factor market, then which box represents the product market?

If the flow of consumer spending and business revenue is represented by A to B, then what is occurring from B to A?