Circular Flow & Money
Quiz
•
Social Studies
•
9th - 12th Grade
•
Medium
Used 39+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
2 sector model showing how businesses & households interact
Circular Flow Diagram
Demand Curve
Supply Curve
Price Controls
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A finished product used by an individual for personal use.
Substitute Good
Complementary Good
Consumer Good
Stock
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Part of the economy where labor & resources are sold
Command Market
Factor Market
Resource Market
Product Market
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A product that can be used to satisfy a want or need.
Scarcity
Dividends
Goods
Liability
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Section of the economy made up of individuals or families
Firms
Households
Businesses
Factor
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Where buyers and sellers learn information from one another and voluntarily exchange goods, services, & money
Market
Partnership
Specialization
Command Economy
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Describes the state of a market with respect to competition
Medium of Exchange
Services
Market Structure
Store of Value
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