Quiz on Circular Flow in the Economy

What is one of the four main factors of production?

• Technology

• Labor

• Marketing

• Finance

Which factor of production includes natural resources?

• Land

• Capital

• Entrepreneurship

• Labor

What type of market is a supermarket classified as?

• Goods Market

• Labor Market

• Financial Market

• Services Market

In which market do people trade money and investments?

• Services Market

• Financial Market

• Labor Market

• Goods Market

Who is responsible for combining land, labor, and capital to create a business?

• Laborer

• Entrepreneur

• Investor

• Manager

What do households provide to businesses in the circular flow?

• Capital

• Labor

• Services

• Goods

What does the government collect from households and businesses?

• Wages

• Goods

• Services

• Taxes

What is an example of the financial sector?

• A bakery

• A supermarket

• A school

• A bank

What do businesses provide to households?

• Loans

• Taxes

• Labor

• Goods and Services

What is the role of banks in the circular flow?

• To hire employees

• To lend money

• To provide goods

• To collect taxes