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Circular Flow Model Questions

Authored by Lauren Litcofsky

Social Studies

9th - 12th Grade

Used 2+ times

Circular Flow Model Questions
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10 questions

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1.

MATCH QUESTION

30 sec • 4 pts

Correctly match the economic resources to the income type

rent

land

wages

entrepreneurs

interest

capital

profit

labor

2.

LABELLING QUESTION

30 sec • 4 pts

Correctly match the label to the diagram​ ​

a
b
c
d
Businesses
Product Market
Households
Factor Market

3.

LABELLING QUESTION

1 min • 6 pts

Correctly match the label to the diagram

a
b
c
d
e
f
buys factors of production
income
revenue
sells goods and services
sells factors of production
buys goods and services

4.

LABELLING QUESTION

1 min • 5 pts

Correctly match the label to the appropriate place on the diagram

a
b
c
d
e
leakage
expenditures
injection
products
resources

5.

MATCH QUESTION

1 min • 5 pts

Correctly match the terms below

produces goods and services for profit

Households

earned from selling goods and services

Leakages

exports, loans, & government spending

Injections

owns the factors of production

Businesses

imports, taxes, and savings

Revenue

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The government provides __________ to businesses and households

factors of production

goods and services

public goods

taxes

expenditures

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Households and businesses __________ to the government in exchange for goods

pay taxes

earn income

earn revenue

pay expenditures

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