The nature of the economy

The nature of the economy

9th - 10th Grade

15 Qs

quiz-placeholder

Similar activities

Production Methods

Production Methods

10th - 12th Grade

13 Qs

Unit 1 AQA Business GCSE

Unit 1 AQA Business GCSE

9th - 10th Grade

10 Qs

2.3 Making operational decisions

2.3 Making operational decisions

9th - 10th Grade

18 Qs

Boston Matrix

Boston Matrix

1st - 12th Grade

13 Qs

B.E. Chapter 4: Private Enterprise

B.E. Chapter 4: Private Enterprise

9th - 12th Grade

15 Qs

POBF Money Matters 6.02

POBF Money Matters 6.02

9th - 12th Grade

20 Qs

The Bulldog Way

The Bulldog Way

9th - 12th Grade

17 Qs

SWOT Analysis Review

SWOT Analysis Review

9th - 12th Grade

18 Qs

The nature of the economy

The nature of the economy

Assessment

Quiz

Business

9th - 10th Grade

Practice Problem

Medium

Created by

Vacelia Pavlatos

Used 61+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The sectors that make up the simple TWO sector circular flow model are the

Household, Government, Financial sector, Overseas sector and Firms sector

Household sector and Firms sector

Household sector and Government sector

household sector and Financial sector

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the two sector model, Households provide resources to firms. What is NOT one of these resources

Land

Labour

Finance

Entrepreneurship

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a sector in the circular flow model?

Government

Overseas

Financial Institutions

Financial Trading Markets

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the correct terminology for money/income that is re-introduced into the circular flow from the 3rd, 4th and 5th sectors of the model

Leakage

Drainage

Injection

Insertion

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the correct terminology for money/income that is withdrawn from the circular flow from the 3rd, 4th and 5th sectors of the model

Leakage

Drainage

Injection

Insertion

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Income tax that is paid by consumers to the government is an example of a

Leakage

Injection

Drainage

Insertion

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

................ is an example of a ................ It represents money flowing into the economy due to firms wanting to expand their businesses and productive capacity

Investment, Leakage

Investment, Injection

Savings, Leakage

Savings, Injection

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?