What are the two main types of markets where households and firms interact?

Economic Interactions Between Households and Firms in the Circular Flow Model

Interactive Video
•
Business, Social Studies, Economics
•
9th - 12th Grade
•
Hard

Patricia Brown
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Stock and bond markets
Goods and services and factor markets
Real estate and commodities markets
Foreign exchange and derivatives markets
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who are the sellers in the markets for goods and services?
Households
Financial institutions
Firms
Government
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the factor markets, what role do households play?
Buyers
Investors
Regulators
Sellers
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is GDP related to the circular flow diagram?
It measures only the production of goods
It is the total spending by households on goods and services
It only accounts for government spending
It excludes income from factors of production
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of government in the circular flow diagram?
Only collects taxes
Does not interact with households
Acts as a buyer in goods and services markets
Only provides subsidies
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do financial markets contribute to the economy?
By investing solely in foreign markets
By hoarding savings
By only providing loans to the government
By channeling savings to those in need
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary source of funds for the government?
Donations
Taxes from firms and households
Loans from international banks
Revenue from exports
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