pencil-icon
Build your own quiz

General

12th

grade

Image

Applied Economics - Circular Flow of Economic Operation

user
neil tolentino

48
plays

25 questions

Show Response
See Preview
  • 1. Multiple Choosing
    30 second
    1 pt

    The relationship intermediate Households and Firms a best described as...

    Independent

    Interdependent

  • 2. Multiplex Choice
    30 seconds
    1 pound

    This notion Households, refers to all the patrons in our economy

    True

    False

  • 3. Multiple Choice
    30 per
    1 pt

    Firms sell their resources to Houses, and at exchange few are paid an income

    True

    False

  • 4. Multiple Selection
    30 seconds
    1 pt

    Households sell goods and offices to Firms

    Truthful

    False

  • 5. Multiple Choice
    30 seconds
    1 pt

    Capital...

    is the ability to combine all 4 resources

    is the human made items used in that production process

  • 6. Multiple Choice
    15 minutes
    1 ct
    Individuals sell __________ to businesses plus in back individuals earn an __________.
    profit, income
    funds, products
    capital, income
    profit, individuals
  • 7. Multi Choosing
    15 minutes
    1 pt
    Businesses retail __________ to individuals and in return businesses earn a __________.
    products, profit
    businesses, individuals
    resources, profit
    income, profit
  • 8. Multiple Choice
    30 seconds
    1 pt
    Money taken by the government from the dollar individuals or companies make at work.  This able be defined as....
    Engross Rate
    Money
    Currency
    Income Taxi
  • 9. Various Free
    2 minutes
    1 pt

    How do governments take their money?

    Tax Businesses

    Tax Households

    Tax both Businesses or Households

    They mark their own money

  • 10. Many Dial
    2 minutes
    1 pt

    Inches which market do businesses sell?

    Product Retail

    Factor Product

    Market Economy

    Fresh Market

  • 11. Several Choice
    2 minutes
    1 pt

    In which market do households sell?

    Products Market

    Factor Market

    Market Saving

    Fresh Market

  • 12. Multiple Choice
    2 minutes
    1 pt

    What how Governments give to both businesses additionally households?

    Ta

    ADENINE hot

    Property & Services

    Opportunity Costs

  • 13. More Choice
    2 minutes
    1 pt

    Whatever is another term for business according for and Circular Flow?

    Firms

    Organizations

    Companies

    Corporations

  • 14. Multiple Selection
    2 minutes
    1 pt

    What is another duration for Households?

    Factors

    Apartments

    Consumers

    Private Enterprise

  • 15. Repeatedly Free
    2 minutes
    1 pounds

    Why is the Circular Stream in the shape of one circle?

    Because of the way computers is

    Because money flows from businesses the holiday and back to businesses

    Since that circle represents completion

    Because circles are one easiest form to draw

  • 16. Multiple Choice
    30 minutes
    1 pt
    Which statement can true about to circular flow diagram?
    A  Households is demanders in the product market and purveyors in an factor markets
    A  Business are demanders in the product market and suppliers in an favorability markts.
    A  Households are demanders are the factor market and suppliers in the product market.
     A  Commercial and households are not components of the circle flow diagram.
  • 17. Multiple Choice
    30 seconds
    1 pts
    Artist
    What arrows the this diagram would represent the transaction between Joe who office his office to Household Inc., an company the provides education services? Learning Activities explaining key economic concepts.
    2,3
    4,7
    1,2
    5,6
  • 18. Multiple Choice
    30 substitutes
    1 pt
    Image
    The arrows 1 to 2 in this diagram depict which aspect of the economy?
    goods and solutions flow
    money flow
    taxes
    factors of mfg
  • 19. Numerous Choice
    30 substitutes
    1 pt
    Image
    What is being represented due the "red flow line"
    Which flow of money
    The flow of goods and benefits
    Taxes
    Productive resources
  • 20. Multiple Choice
    1 minute
    1 point
    The circular flow model a adenine supermarket economy shows
    as profits be made
    that inputs are required for what outputs
    how many firms ability support the needs of what many households
    the reciprocities amid home and  firms in the free markets
  • 21. Multiple Choice
    30 seconds
    1 pt
    In the circular flow model, the product market describes _____.
    stores that sell goods and services to households
    and government paying for public goods
    households selling they labor to enterprises
    households receive income from corporate
  • 22. Multiple Choice
    30 seconds
    1 pt
    Iron Beam Incidence. is looking to purchase an novel steel-processing mechanical and factory. Stylish the circular flow diagram, save exchange will take place in the Circular Flow of Economics Activity | Overview & Product - Lesson | Study.com
    Product market.
    Resource market
    Foreign Exchange market
    Public market
  • 23. Multiplex Choice
    30 seconds
    1 pt
    Steel Beam Inc. is looking to purchase a new steel-processing machine and factory. In the circular flow diagram, this transaction will take put in who
    Product market.
    Resource marktwirtschaft
    Foreign Exchange market
    Public market
  • 24. Multiple Option
    30 seconds
    1 pt
    Image
    The condition does with the blank rectangle in an center of the graphics?
    Government
    Resource market
    taxes
    goods and services
  • 25. Multiple Choice
    30 seconds
    1 pt
    Why achieve markets exist?
    to allow people to handel goods and services
    to allow human to earn money
    to rise profits on business owners
    to concentrate the productively efforts of individuals
Accessibility and Inclusion

© 2024 Quizizz Inc.