In what market do businesses sell goods and services to households?
Circular flow/Market Structures

Quiz
•
Social Studies
•
12th Grade
•
Medium
JC Byland
Used 2+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
Product Market
Resource Market
Factor Market
2.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
In what market are the factors of production bought and sold?
Product Market
Factor/Resource Market
3.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
True or False- Businesses demand in the resource market and supply in the product market
True
False
4.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
In the circular flow diagram firms pay wages for which factor of production?
Land
Labor
Entrepreneurship
Raw Materials
5.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
A person stocks shelves at a grocery store and receives a wage. They have completed an exchange in which part of the circular flow model?
Individuals
Business
Factor Market
Product Market
6.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
Someone buys a car in exchange for a large amount of money. They have completed an exchange in which part of the circuclar flow model?
Product Market
Factor Market
Firms
Individuals
7.
MULTIPLE CHOICE QUESTION
10 sec • 10 pts
Goods and services are sold in the ___ market
Factor market
Product Market
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