Economics Yr 9 #2
Authored by Majella Wessel
Business
9th Grade
Used 9+ times
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The model that helps show the flow of money and resources in the economy is...
Scarcity
Circular Flow
Resource
Household Sector
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Consumers are known as the __________ sector?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Businesses are called the....
Resource Sector
Household Sector
Production Sector
Business Sector
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
True or False. The production sector pays the household sector for their labor, as an income?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The household sector use ______ to purchase goods and services from the production sector?
Money
Resources
Income
Dollars
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
True or False. When consumers purchase goods and/or services from the production sector this is known as household expenditure
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
True or False. The costs that a business might have are known as production costs?
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