Circular Flow Model

Circular Flow Model

9th - 12th Grade

14 Qs

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Circular Flow Model

Circular Flow Model

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Easy

Created by

Charles Martinez

Used 1+ times

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Point B represents

Product Market

Factor Market

Individuals

Businesses

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What does point A represent on the Circular flow diagram?

Households

Businesses

Factor Market

Product Market

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where are factors of production (land, labor, etc) exchanged in the circular flow model?

Factor Market

Product Market

Firms

Individuals

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What does point C represent on the Circular Flow diagram?

Firm

Factor Market

Individual

Product Market

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Businesss

Factor Market

Product Market

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

30 sec • 1 pt

Money exchanged between businesses and individuals for labor.

wages

revenue

spending

profit

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