Circular Flow Formative B

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

• 1
• 3
• 6
• 8

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

• 8
• 6
• 1
• 3

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

• Resource (Factor)
• Product
• Households
• Super Duper

Drag

a

b

c

Producers

aka Resource Market

Consumers

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

• arrows 4 to 2

• arrows 6 to 8

• arrows going in a circle

• There is no illustration of any flow.

What flows through the Product Market?

• Natural Resources

• Oil

• Finished Goods and Services

• The blood of the goofy cartoons

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

a

b

c

d

Consumer Spending →

←Products

←Wages, Salary, and Income

Resources →

​ (a)   supply ​ (b)   to ​ (c)   .

• Households
• Resources
• Businesses
• the law of demand

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

• Firms
• Circular
• Model
• Entrepreneural

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

• Resource (Factor)
• Product
• Transactional